MOSCOW (MRC) -- Neste Oil and Total Fluides, a leading producer and marketer of high-purity hydrocarbon fluids, have signed a collaborative agreement for the supply of Neste's proprietary NEXBTL renewable isoalkane used by Total Fluides as feedstock to produce and develop innovative bio-based solvents and technical fluids, reported Hydrocarbonprocessing.
"The bio-based solvents produced from NEXBTL renewable isoalkane and processed using Total Fluides' advanced technology are ideal for downstream use, as their premium quality means that no modifications need to be made to existing processes or production methods," said Kaisa Hietala, Neste's executive vice president of renewable products.
"The new agreement is an important step towards growing our foothold in the chemical industry, where the demand for renewable components is on the increase," Hietala added.
Total Fluides will market a new line of renewable fluids for numerous applications such as paints and coatings, drilling fluids, solvents for emulsion polymerization, printing ink fluids, emollients for cosmetics and many others industrial and automotive fluids.
"The use of bio-sourced raw materials will bring innovative solutions to the market. The first feedbacks from our customers, who have been testing our new fluids, are very positive and very encouraging," said Joel Navaron, president of Total Fluides. "The development of bio-based solvents and technical fluids is in line with Total Fluides' strategy to be a responsible actor and to constantly widen its offering of very high performance products to its customers."
Total Fluides will produce these new bio-based high-quality special fluids in its plant in France. Neste produces NEXBTL products intended for chemical industry use at its renewable products refineries in the Netherlands, Singapore and Finland.
As MRC informed previously, in late 2014, Total, Europe’s third-largest oil company, permanently shut its high density polyethylene (HDPE) line. The plant was shut permanently owing to weak margins which have arisen on account of cheap imports in the region. Located at Antwerp in Belgium, the line has a production capacity of 70,000 mt/year.
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.