Abstract: An emulsifying and peptizing agent having the formulaRO[C.sub.2 H.sub.3 O(R')].sub.m [C.sub.2 H.sub.3 O(X)].sub.n IIwhereinR is a lipophilic hydrocarbon residue of a member selected from the group consisting of alcohols, sterols and their mixtures derived from a member selected from the group consisting of (a) hydrogenated lanolin, and (b) cyclic fatty acids,R' is selected from the group consisting of methyl and ethyl,X is selected from the group consisting of --CH.sub.2 OH, ##STR1## m has a statistical average value between 1-10 inclusive, N HAS A STATISTICAL AVERAGE VALUE BETWEEN 1-5 INCLUSIVE,p is an integer between 0-10 inclusive and the product n(p+2) lies between 2-12 inclusive.