General description of residue wax. ... residue wax is the mix of oil and slack wax. this Wax, formally known as Foots oil is a commodity derived from the production of semi refined paraffin wax, having almost 60% result from 100% of slacks provided by the oil refineries.
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Residue wax (foots oil) is final remained product of slack wax after pressing and decolorizing, residue wax (foots oil) is mix of oil and slack wax.