TotalEnergies Acquires Finland re-refiner Tecoil

PRESS RELEASE
TotalEnergies Acquires Finland re-refiner Tecoil

Paris, July 1, 2024 – TotalEnergies announces the acquisition of Tecoil, a Finnish company specialized in the production of Re-Refined Base Oils (RRBOs), which has the most efficient used oil regeneration process on the market today.

Tecoil currently operates a production facility of 50,000 tons of RRBOs per year in Hamina, in eastern Finland. Tecoil has developed its own circular economy network for collecting used lubricants in Europe and supplying its plant.

Through a process known as “re-refining”, optimized by Tecoil, used oils are treated to give them properties comparable to the best virgin base oils.

These high-quality base oils are used to make lubricants that meet new customer demand for circularity and sustainability.

They significantly reduce the lubricants’ carbon footprint while delivering the level of performance expected and approved by many car manufacturers.

“The integration of Tecoil into TotalEnergies will allow us to accelerate the use of RRBOs in the production of our high-end lubricants to meet our customers’ growing demand for increasingly high-performance, environmentally friendly products.

We are delighted to welcome the Tecoil teams and combine their know-how in base oil processing with TotalEnergies’ recognized expertise in the production and distribution of lubricants,” says Pierre Duhot, Senior Vice-President Lubricants and Specialties at TotalEnergies.

“Joining TotalEnergies is a great satisfaction and an opportunity to strengthen and develop the activities of Tecoil. It will allow us to jointly build on our work, knowledge, and development of the lubricant sector and meet the new challenges and ambitions of our customers,” said Juha Kokko, CEO of Tecoil.

Click the link below to read the full press release

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