July 1, 2024. - TotalEnergies has announced the acquisition of Tecoil, a Finnish company specializing in the production of re-refined base oils (RRBO), which has the most efficient used oil reclamation process on the market.
Through a process known as “refining,” optimized by Tecoil, used oils are processed to give them properties comparable to the best virgin base oils.
These high-quality base oils are used to produce lubricants that meet new customer requirements for closed-loop and sustainable development. They significantly reduce the carbon footprint of lubricants while providing the level of performance expected and approved by many automakers.
Tecoil's integration with TotalEnergies will allow us to accelerate the use of RRBO in the production of our high-end lubricants to meet our customers' growing demand for increasingly efficient and environmentally friendly products. We are pleased to welcome Tecoil's teams and combine their know-how in base oil processing with TotalEnergies' recognized expertise in lubricant manufacturing and distribution.”
Pierre Duhot, Senior Vice-President Lubricants and Specialties w TotalEnergies
Joining TotalEnergies is a great satisfaction and an opportunity to strengthen and grow Tecoil's business. It will allow us to jointly capitalize on our work, knowledge and growth in the lubricants sector and to meet the new challenges and ambitions of our customers.”
Juha Kokko, CEO Tecoil
About TotalEnergies Marketing Polska:
TotalEnergies Marketing Polska has been operating in Poland since 1992 and has an established position on the engine oil market. It offers products of two well-known brands TotalEnergies and Elf. Since 2008, TotalEnergies also offers bitumen products and is present in the market of industrial special fluids. The company has also been operating on the fuel sales market since 2009. In 2021, TotalEnergies opened the first car washes and launched a project to create a charging network for electric vehicles.
About the TotalEnergies Marketing Services:
TotalEnergies Marketing Services offers its professional and private customers a wide range of energy products and services - petroleum products, biofuels, charging and related services for electric vehicles, road and marine gas - to support their mobility and help them reduce their carbon footprint. Every day, over 8 million customers visit our 16,000 service stations around the world. Number four in the world in lubricants, we design and market high-performance products for the automotive, industrial and marine sectors. In order to best respond to the needs of our B2B customers, we deploy our sales force, our international logistics network and our diverse offer. We operate in 107 countries, where our 31,000 employees are close to all our customers.
About TotalEnergies:
TotalEnergies is a multi-energy company with a global reach that produces and sells energy: crude oil and biofuels, natural gas and green gases, renewable energy sources and electricity. More than 100,000 of our employees strive to make energy cheaper, cleaner, reliable and available to as many customers as possible. Operating in more than 130 countries, TotalEnergies puts sustainability in all its aspects at the heart of its projects and activities to contribute to people's well-being.
Contact TotalEnergies:
Bartosz Cyran | bartosz.cyran@proautomotive.pl | +48 662 454 679.
Legal Notice:
The terms „TotalEnergies”, „TotalEnergies Company” or „Company” in this document are used to refer to TotalEnergies SE and consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Similarly, the words „we”, „us” and „our” may also be used to refer to these entities or their employees. Entities in which TotalEnergies SE directly or indirectly holds shares are separate legal entities. TotalEnergies SE is not responsible for the actions or omissions of these entities. This document may contain forward-looking information and statements that are based on a range of economic data and assumptions made in the particular economic, competitive and regulatory environment. They may prove inaccurate in the future and are subject to many risk factors. Neither TotalEnergies SE nor any of its subsidiaries undertakes to publicly update any information or forward-looking statements, objectives or trends contained herein, whether as a result of new information, future events or otherwise. Information regarding risk factors that may affect the financial results or operations of TotalEnergies is contained in the most recent Registration Document, the French version of which has been filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF) and in Form 20-F filed with US Securities and Exchange Commission (SEC)O TotalEnergies Marketing Polska
