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Total acquires lubricants firm Lubrilog

September 25/2020

MOSCOW (MRC) -- Totals lubricants business has acquired Lubrilog, a French producer specialising in the formulation and production of high-performance synthetic lubricants, said the company.

Total Lubrifiants, the worlds fourth-largest international lubricants company, announced the acquisition of Lubrilog SAS. Lubrilog SAS is a French company, based in Romans sur Isere, which specialises in the formulation and production of very high-performance synthetic lubricants. The high-quality products of Lubrilog are tailored to specific customer needs and able to meet a wide range of extreme technical constraints.

This acquisition will create value for both Total and its customers. It will strengthen Total Lubrifiants position in the industrial lubricants market, bringing a high level of expertise for critical applications in some key sectors such as mining or cement and materials.
With this customer-specific range of products, Total Lubrifiants broadens its high-end products portfolio to offer customers a fully integrated solution on a worldwide scale.

"I am glad to welcome Lubrilog in the lubricants team of Total, says Pierre Duhot, senior vice president at Total Lubrifiants. Thanks to our international presence, our teams and engineers around the world will be able to leverage Lubrilogs high end technical solutions for the benefit of our clients. This step is fully aligned with our strategy to develop technologies and to be the partner of choice of our customers. This range of products is also in line with Totals Climate Strategy and the Groups ambition to get to net-zero emissions by 2050 and to reduce the carbon footprint of its customers".

Lubrilog, based at Romans-sur-Isere, south of Lyon, makes perfluorinated lubricants, formulated with raw materials from Solvays specialty polymers business, according to its website. The acquisition will strengthen Totals position in industrial lubricants. Financial terms were not disclosed.

As MRC wrote before, French energy major Total said in April that its joint USD5 billion petrochemical project with Saudi Aramco in the Saudi city of Jubail would not be hit by planned cuts in investment, although the partners were focused on controlling costs.

We remind that 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, crude oil, PP, PE, neftegaz, petrochemistry, Total Petrochemicals.
Category:General News
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