REG-TotalEnergies SE Developing the Circular Economy for Lubricants in Europe: TotalEnergies Acquires Tecoil, a Lubricant Used Oil Regeneration Specialist

TotalEnergies SEAnnouncement

01/07/2024 10:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240701:nBw6JHfSna&default-theme=true


Developing the Circular Economy for Lubricants in Europe: TotalEnergies
Acquires Tecoil, a Lubricant Used Oil Regeneration Specialist

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) 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.

TotalEnergies, a major player in the production and distribution of lubricants

With 42 lubricant production sites worldwide, TotalEnergies is a partner of
choice for players in the automotive, industrial and marine markets. The
Company offers innovative products and services. In June 2024
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Flubricants.totalenergies.com%2Fnews-press-releases%2Ftotalenergies-launches-its-first-range-lubricants-premium-regenerated-base-oils&esheet=54089232&newsitemid=20240701195271&lan=en-US&anchor=June+2024&index=1&md5=7765b1f70b4dee942ea6d4983be32732)
, it launched its first range of lubricants made from premium regenerated base
oils (Quartz EV3R for passenger vehicles and Rubia EV3R for trucks).

***

About TotalEnergies

TotalEnergies is a global integrated energy company that produces and markets
energies: oil and biofuels, natural gas and green gases, renewables and
electricity. Our more than 100,000 employees are committed to provide as many
people as possible with energy that is more reliable, more affordable and more
sustainable. Active in about 120 countries, TotalEnergies places
sustainability at the heart of its strategy, its projects and its operations.

@TotalEnergies
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftwitter.com%2FTotalEnergies&esheet=54089232&newsitemid=20240701195271&lan=en-US&anchor=%40TotalEnergies&index=2&md5=f593f052f4d9a6063501b8e456465871)
TotalEnergies
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Ftotalenergies%2F&esheet=54089232&newsitemid=20240701195271&lan=en-US&anchor=TotalEnergies&index=3&md5=1da84600c7d26940482e1abafdb4f8aa)
TotalEnergies
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.facebook.com%2FTotalEnergiesFrance%2F&esheet=54089232&newsitemid=20240701195271&lan=en-US&anchor=TotalEnergies&index=4&md5=8a4a14045e2af9a6cc77c6eab477c377)
TotalEnergies
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.instagram.com%2Ftotalenergies%2F&esheet=54089232&newsitemid=20240701195271&lan=en-US&anchor=TotalEnergies&index=5&md5=3f0f9e86e8638c281d0922b7be226bc9)

Cautionary Note

The terms “TotalEnergies”, “TotalEnergies company” or “Company” in
this document are used to designate TotalEnergies SE and the consolidated
entities that are directly or indirectly controlled by TotalEnergies SE.
Likewise, the words “we”, “us” and “our” may also be used to refer
to these entities or to their employees. The entities in which TotalEnergies
SE directly or indirectly owns a shareholding are separate legal entities.
TotalEnergies SE has no liability for the acts or omissions of these entities.
This document may contain forward-looking information and statements that are
based on a number of economic data and assumptions made in a given economic,
competitive and regulatory environment. They may prove to be inaccurate in the
future and are subject to a number of risk factors. Neither TotalEnergies SE
nor any of its subsidiaries assumes any obligation to update publicly any
forward-looking information or statement, objectives or trends contained in
this document whether as a result of new information, future events or
otherwise. Information concerning risk factors, that may affect
TotalEnergies’ financial results or activities is provided in the most
recent Registration Document, the French-language version of which is filed by
TotalEnergies SE with the French securities regulator Autorité des Marchés
Financiers (AMF), and in the Form 20-F filed with the United States Securities
and Exchange Commission (SEC).

TotalEnergies Contacts

Media Relations: +33 (0)1 47 44 46 99 l presse@totalenergies.com
(mailto:presse@totalenergies.com) l @TotalEnergiesPR 
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftwitter.com%2FTotalEnergiesPR&esheet=54089232&newsitemid=20240701195271&lan=en-US&anchor=%40TotalEnergiesPR&index=6&md5=da50168b43212e212da92b4ea357aa8d)

Relations Investisseurs : +33 (0)1 47 44 46 46 l ir@totalenergies.com
(mailto:ir@totalenergies.com)



View source version on businesswire.com:
https://www.businesswire.com/news/home/20240701195271/en/
(https://www.businesswire.com/news/home/20240701195271/en/)

TotalEnergies


Copyright Business Wire 2024