HF Sinclair Lubricants & Specialties Establishes Strategic Base Oil Supply Network with SK Enmove and Chevron

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2▲2 ▼0Impact / 5
Summary · why it matters

HF Sinclair Corporation announced that its Lubricants & Specialties segment has entered into strategic long-term commercial agreements with SK Enmove and Chevron Products Company, establishing a diversified base oil supply network for North America. Under the agreements, SK Enmove will supply Group III base oils and Chevron will supply Group II base oils, while HF Sinclair's Lubricants & Specialties business will serve as SK Enmove's distributor for YUBASE Group III base oils in key North American regional markets and distribute Chevron-branded Group II base oils in Canada and select U.S. regions. The agreements, combined with continued access to Group I and specialty products from HF Sinclair's Tulsa refinery, position the segment to offer a comprehensive portfolio of Group I, II, and III base oils. The transition supports HF Sinclair's recently announced plans to retire its base oil refining assets in Mississauga, Ontario, with completion expected in the second half of 2027.

Impact on assets 2

Synthetic Biology (non-pharma)▲ · 1 stocks
HF Sinclair Corp
DINO
▲ PositiveDemandrelevance

HF Sinclair secures long-term supply agreements and distribution rights, enhancing its base oil portfolio.

Energy▲ · 1 stocks
Chevron Corp
CVX
▲ PositiveDemandrelevance

Chevron will supply Group II base oils to HF Sinclair, expanding its market reach.

Off-coverage companies 1

SK EnmovePrivate▲ Positive
Demandrelevance

SK Enmove gains a distributor for its YUBASE Group III base oils in North America.

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