An emulsifier disperses oil in water as droplets large enough to scatter light, which is why a lotion is opaque. A solubiliser forms micelles small enough that they do not scatter visible light, so the oil is carried in what looks like a clear solution. Polysorbate 20 has an HLB of about 16.7, which places it firmly in the solubiliser range, so it is used to make clear fragranced water rather than to build a cream.