TotalEnergies acquires Tecoil, a Lubricant Used Oil Regeneration Company

TotalEnergies announced the acquisition of Tecoil, a Finnish company specializing in producing Re-Refined Base Oils (RRBOs). Tecoil operates a production facility in Hamina, eastern Finland, annually producing 50,000 tons of RRBOs. Tecoil has developed its circular economy network to collect used lubricants in Europe and supply its plant.

Through re-refining, used oils are treated to give them properties comparable to virgin base oils. These base oils are then used to manufacture lubricants, and they help in reducing the lubricants’ carbon footprint.

“The integration of Tecoil into TotalEnergies will allow us to accelerate the use of RRBOs in producing 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 producing and distributing lubricants,” said Pierre Duhot, Senior Vice-President Lubricants and Specialties at TotalEnergies.

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

TotalEnergies is a significant player in the production and distribution of lubricants, with 42 lubricant production sites worldwide. In June 2024, it launched its first range of lubricants made from premium regenerated base oils: Quartz EV3R for passenger vehicles and Rubia EV3R for trucks.