SK Enmove, HF Sinclair Announce Group III Supply Deal

We are thrilled to announce that SK Enmove has entered into strategic agreements with HF Sinclair’s Lubricants & Specialties segment, a leading lubricants and specialty products manufacturer, to support the North American Group III base oil market.

Under the agreement, SK Enmove will become the Group III base oil supplier to HF Sinclair’s Lubricants & Specialties segment, delivering premium base oils directly into its finished product lines under a stable, multi-year arrangement.

This supply structure is set to underpin supply chain reliability for HF Sinclair’s Lubricants & Specialties business while securing a dependable channel for SK Enmove’s sustainable growth in North America.

The agreements also designate HF Sinclair’s Lubricants & Specialties segment as the exclusive distributor for SK Enmove's Group III base oil, YUBASE, in its key regional markets in North America. This integration gives SK Enmove direct access to the businesses’ well-established sales and logistics network, providing North American customers with outstanding, reliable and responsive service.

"We are pleased to be announcing these agreements, which strengthen 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’ extensive logistics network, provides unmatched service and value to our customers throughout the region."

"The long-term agreements to supply SK Enmove’s premium Group III base oils are significant milestone for our business. Our existing North American network is ideally suited to help scale YUBASE, delivering exceptional quality and performance to the market," said Matthew Joyce, Senior Vice President and President, Lubricants & Specialties segment of HF Sinclair.

“In addition, by combining SK Enmove’s proven reliability and consistent Group III quality with our blending, formulating and technical capabilities, we will continue to deliver world-class lubricant solutions that meet the performance expectations our customers count on every day.”

Both companies anticipate that the agreements will drive significant operational synergies and mutual growth, ultimately delivering enhanced value to customers.

*SK Enmove operates as a Company-in-Company (CIC) under SK On Co., Ltd.