TotalEnergies SE (FR:TTE) has released an update.
TotalEnergies SE has announced the acquisition of Tecoil, a Finnish company that specializes in re-refining used lubricants to produce high-quality base oils, aligning with the increasing customer demand for sustainable and high-performance products. This acquisition will enhance TotalEnergies’ capacity to produce environmentally friendly lubricants, supported by Tecoil’s circular economy network and advanced regeneration process. The integration aims to bolster the use of regenerated base oils in TotalEnergies’ premium lubricant ranges, reflecting the company’s commitment to sustainability and innovation in the energy sector.
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