Naphthenic acids, mixtures of long chain and cyclic carboxylic acids extracted from petroleum, form lipophilic complexes (often called salts) with transition metals. These metal naphthenates, have the formula M(naphthenate), or MO(naphthenate), have diverse applications including synthetic detergents, lubricants, corrosion inhibitors, fuel and lubricating oil additives, wood preservatives, insecticides, fungicides, acaricides, wetting agents, thickening agent, and oil drying agents. Industrially useful naphthenates include those of aluminium, magnesium, calcium, barium, cobalt, copper, lead, manganese, nickel, vanadium, and zinc.< Illustrative is the use of cobalt naphthenate for the oxidation of tetrahydronaphthalene to the hydroperoxide.
Like naphthenic acid, 2-ethylhexanoic acid forms lipophilic complexes that are used in organic and industrial chemical synthesis. They function as catalysts in polymerizations as well as for oxidation reactions as oil drying agents.