Rough recipe that should have enough clues
Water phase ~50%
Oil phase ~50%
Water Phase: Water, Sodium Lactate, 5% Lactic Acid.
Oil Phase: 7% Ewax, Tamanu Oil, Hemp Seed oi, Shea Butter, 5% Salicylic Acid, 5% Lipoic acid, Sulfur, Stearic acid, Vitamin E.
Cooldown: Zinc Oxide
The oil phase separated on its own, and when mixed with the water phase under high shear mixing and cooled, it curdled. I poured of a small amount of liquid that had separated from the curdle, and it formed a lotion again (not a stable one but alas).
Just wondering which ingredients are incompatible with each other or just low pH? Almost looked like the addition of lipoic acid caused the salicylic acid to precipitate! Or maybe the acids aren't comp with all of the fats..