HF Sinclair Diversifies Lubricants Business with SK Enmove and Chevron Deals

HF Sinclair is transforming its lubricants business by securing long-term agreements with SK Enmove and Chevron. The deals will provide HF Sinclair with a broader sourcing base for Group II and Group III products, complementing its existing access to Group I and specialty materials at the Tulsa refinery.

Under the new structure, SK Enmove will supply Group III base oils, while Chevron will supply Group II volumes. HF Sinclair will handle distribution of both in key North American markets.

Matt Joyce, Senior Vice President and President of the Lubricants & Specialties segment, said the agreements mark a significant step in the evolution of the business. He framed the deals as a way to combine globally recognised base oil suppliers with a more secure and diversified platform for customers.