TotalEnergies Advances Circular Lubricants Economy with Tecoil Acquisition

TotalEnergies has announced the acquisition of Tecoil, a Finnish company renowned for its expertise in producing Re-Refined Base Oils (RRBOs) with the most efficient used oil regeneration process currently available in the market.

Located in Hamina, eastern Finland, Tecoil operates a production facility capable of producing 50,000 tons of RRBOs annually. The company has established a robust circular economy network across Europe for collecting used lubricants, which are then supplied to its plant.

Through Tecoil's optimized re-refining process, used oils undergo treatment that elevates them to the quality levels comparable to the finest virgin base oils. These high-quality base oils are integral in producing lubricants that not only meet but exceed new consumer expectations for circularity and sustainability. Importantly, they substantially reduce the carbon footprint associated with lubricants while maintaining the performance standards endorsed by numerous car manufacturers.

Pierre Duhot, Senior Vice-President of Lubricants and Specialties at TotalEnergies, highlighted the strategic significance of integrating Tecoil into their operations. He expressed enthusiasm about leveraging Tecoil's expertise in base oil processing to accelerate the adoption of renewable and bio-based oils (RRBOs) in their premium lubricant offerings. This move aims to meet the increasing market demand for high-performance and environmentally friendly products. Duhot emphasized TotalEnergies' commitment to enhancing their lubricant production capabilities through this collaboration.

Juha Kokko, CEO of Tecoil, expressed satisfaction and optimism about joining TotalEnergies, viewing it as a pivotal opportunity to strengthen and expand Tecoil's activities. He emphasized their shared commitment to advancing innovation and meeting the evolving needs of customers in the lubricant sector. Kokko highlighted the synergy between Tecoil's expertise and TotalEnergies' established leadership in lubricant production and distribution, foreseeing significant advancements and achievements in their collaborative efforts.

TotalEnergies is recognized as a premier partner across the automotive, industrial, and marine sectors. They have 42 lubricant production sites strategically located worldwideA leader in innovation, TotalEnergies boasts a comprehensive suite of advanced products and services. Highlighting their commitment to progress, they launched a groundbreaking line of lubricants in June 2024: Quartz EV3R for passenger cars and Rubia EV3R for trucks. These products utilize high-quality recycled base oils. These groundbreaking products highlight TotalEnergies' leadership in advancing sustainable practices within the lubricants industry, aligning seamlessly with market shifts towards environmental sustainability while reaffirming its commitment to excellence and customer satisfaction.

TotalEnergies is a diversified energy leader with a global presence. They specialize in a comprehensive portfolio of energy solutions, including oil & gas, biofuels, renewables, electricity, and green gases. With a workforce exceeding 100,000 employees worldwide, our mission is to deliver dependable, cost-effective, and sustainable energy solutions to a broad global audience. Active in approximately 120 countries, TotalEnergies is committed to embedding sustainability at the core of our strategic initiatives, projects, and operational practices.