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Total expands lubricants business with acquisition of French firm

September 22/2020

MOSCOW (MRC) -- Total Lubrifiants, a leading player in the global lubricants market, announced the acquisition from Houghton International of its aluminum hot rolling oil (AHRO), steel cold rolling oil (SCRO) and tinplate rolling oil (TPRO) activities in the North American and European Economic Area markets, said Chemweek.

The transaction includes the associated technical support services in both regions. The sale was a condition set by the U.S. Federal Trade Commission and the European Commission to approve the Quaker Chemical and Houghton International merger to push through. Quaker Houghton, the newly combined entity, said it received approximately USD37 million from Total S.A. The revenue of the divested product lines was approximately USD50 million, Quaker Houghton added.

"We believe that this acquisition will create value both for Total and our customers from these industries. It will strengthen our position in the industrial lubricants market, which is an important part of our strategic vision for the future," said Philippe Charleux, senior vice president, Lubricants & Specialties at the Marketing & Services Division of Total.

"Geographically we are strengthening our strong presence in Europe and expanding our activities and market penetration in North America, especially the U.S.A."

With this specially formulated range of hot and cold rolling oils, cleaners and accompanying fluid management services, Total is broadening its product portfolio to offer customers a fully integrated solution.

As MRC wrote before, in November 2019, Total disclosed that itis evaluating construction of a new gas cracker at its Deasan, South Korea, joint venture (JV) with Hanwha Chemical.

Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).

According to MRC's ScanPlast report, Russia's overall PE production totalled 1,712,400 tonnes in the first seven months of 2020, up by 58% year on year. Linear low density polyethylene (LLDPE) accounted for the greatest increase in the output. At the same time, overall PP production in Russia increased in January-July 2020 by 24% year on year to 1,063,700 tonne. ZapSibNeftekhim accounted for the main increase in the output.

Total S.A. is a French multinational oil and gas company and one of the six "Supermajor" oil companies in the world with business in Europe, the United States, the Middle East and Asia. The company's petrochemical products cover two main groups: base chemicals and the consumer polymers (polyethylene, polypropylene and polystyrene) that are derived from them.


mrcplast.com
Author:Anna Larionova
Tags:petroleum products, PP, PE, ethylene, neftegaz, petrochemistry, Total Petrochemicals.
Category:General News
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