| abstract |
An oil-in-water emulsion composition is disclosed which comprises a mixture of water and (A) at least one oil comprising (1) a natural oil or synthetic triglyceride of the formula <IMAGE> wherein R1, R2 and R3 are independently saturated or unsaturated aliphatic groups that contain from about 7 to about 23 carbon atoms; (2) a synthetic ester base oil comprising the reaction of a monocarboxylic acid or a dicarboxylic acid or an aryl carboxylic acid; (3) an olefin; (4) a polyolefin; (B) at least one phosphite ester of the formula <IMAGE> wherein R11 and R12 are independently aliphatic, aryl or aliphatic substituted aryl groups that independently contain from 6 to 30 carbon atoms; and (C) at least one emulsifier. |