HF Sinclair Corporation has struck long-term commercial agreements with SK Enmove and Chevron to build a diversified base oil supply network serving customers across North America, as the energy company reshapes its Lubricants & Specialties business.
Under the agreements, SK Enmove will supply Group III base oils, while Chevron will supply Group II products. HF Sinclair will distribute SK Enmove’s YUBASE Group III base oils in key North American markets and Chevron-branded Group II base oils in Canada and select U.S. regions.
"These agreements represent an important milestone in the evolution of our Lubricants & Specialties business," said Matthew Joyce, Senior Vice President and President, Lubricants & Specialties segment.
"By establishing strategic commercial arrangements with two globally recognized leaders in base oils – SK Enmove and Chevron – we are creating a diversified supply platform that combines world-class products, strong supply security and the technical expertise our customers have come to expect from Lubricants & Specialties."
The agreements give HF Sinclair access to major global base oil suppliers while expanding its distribution role in North America. The company said the model is designed to strengthen supply reliability and broaden its product portfolio.
"We are pleased to be announcing this agreement, which strengthens our North American footprint by securing a highly reliable route to market," said Jay Kim, CEO of SK Enmove. "This strategic supply arrangement combined with HF Sinclair’s Lubricants & Specialties segment’s extensive logistics network provides unmatched value to our customers throughout the region."
"This agreement reflects our commitment to helping customers succeed through reliable supply, proven product quality, and deep technical expertise," said Alicia Logan, General Manager of Chevron Base Oils. "We're pleased to work with HF Sinclair’s Lubricants & Specialties segment, a business that shares our focus on performance and customer value."
The new supply network will complement HF Sinclair’s continued access to Group I and specialty products from its Tulsa refinery. Together, the company said, the arrangements will allow its Lubricants & Specialties business to offer Group I, Group II and Group III base oils, backed by flexible supply arrangements and technical support.
The agreements also come as HF Sinclair prepares to retire its base oil refining assets in Mississauga, Ontario. The company expects the transition to its new base oil supply model to be completed in the second half of 2027.
SK Enmove is a major supplier of Group III base oils used in high-performance lubricants, while Chevron has a broad Group II base oil portfolio and extensive OEM qualifications. HF Sinclair said combining those supply relationships with its own formulation expertise, market knowledge and customer base will strengthen its position across lubricant and specialty applications.
"As we continue to advance our strategy and prepare for the future, these agreements provide a strong foundation for growth and further enhance our ability to serve customers around the world," Joyce added.
