Thickener and emusifier. That other "wax" blend from the Canadian site might be the berries for black powder along the lines Mike mentioned. Anytime I see something capable of holding water and oil both that also has a high melt point I automatically think BP.
Soy lecithin added to Peal Lube, along with a dash of wire cable pulling lube was something I tried a few years ago for frontstuffers and it worked pretty well. Only problem was it dried out a bit over time.
Gear