NEWS
Indian owner for Jayhawk
Anupam Rasayan India has agreed to acquire the USbased Jayhawk Fine Chemicals from Switzerland’ s CABB for about $ 150 million. The transaction is expected to occur in January, following the satisfaction of conditions precedent and customary closing actions.
Based at a site in Galena, Kansas( pictured), Jayhawk is active in the custom manufacturing of advanced intermediates, active ingredients and highperformance materials, the latter generating 65 % of its
revenues. It has core competencies in such complex chemistries as halogenation, oxidation, nitration and phosphorus chemistry.
Anupam carries out the custom synthesis and manufacture of speciality chemicals in India for markets including pharmaceuticals and agrochemicals, personal care, pigments, dyes and polymer additives. Managing director Anand Desai, described the buy as“ a transformative step in Anupam’ s global journey”, enabling it to move closer to end applications, manufacturing key N-1 molecules for critical sectors such as electronics, semiconductors, and performance materials.
For its part, CABB said that Jayhawk, which it acquired from Evonik in 2018, had been“ a key contributor to the group’ s results”. However, it is now shifting its focus from industrial applications, electronics and semiconductors to further expanding its higher-margin specialities portfolio in pharmaceuticals and agrochemicals from sites in Switzerland, Germany and Finland.
Neste revises its climate targets
Finland’ s Neste is revising some of its climate targets due to its current financial position and the delay it is planning to plans to turn the Porvoo refinery( pictured) into a‘ renewable and circular solutions refining hub’ by 2035. It said that reaching its original targets on the schedule planned“ would have required significant investments that are currently not realistic”.
The new targets involve pushing the target dates for reducing Scope 1 and 2 greenhouse gas( GHG) emissions by 80 % from 2035 to 2040 and for a related interim target of 50 % emission reduction from 2030 to 2035. This means focusing solely on absolute emission reductions in Neste’ s own operations and removes the option of using emission compensation.
Two further targets remain unchanged: reducing the use-phase emission intensity of sold products by 50 % by 2040 and helping customers reduce their GHG emissions by 20 million / tonnes year by 2030. The respective reference years of 2019 and 2020 are also unchanged.
In the short term, Neste’ s climate footprint mitigation actions will focus on energy-efficiency, operational excellence measures and evaluating alternatives to fossil hydrogen. Plans to convert Porvoo remain in place but the timeline for transitioning“ will be determined in line with the actual fuel market demand, legislation development and technological development”.
JAN / FEB 2026 SPECCHEMONLINE. COM
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