HF Sinclair plans to spin off lubricants unit, close Canadian refinery
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HF Sinclair Announces Strategic Transformation, Including Plans to Pursue A Separation of Lubricants & Specialties and Planned Retirement of its Canadian Base Oil Refining Assets
July 28, 2026 6:30 AM EDTDALLAS--(BUSINESS WIRE)-- HF Sinclair Corporation (NYSE: DINO) (HF Sinclair) today announced plans to pursue a separation of its Lubricants & Specialties segment through the capital markets, creating a new independent, publicly traded company.
As an independent company, Lubricants & Specialties will operate a capital-light business model built for greater financial flexibility and stronger, more consistent free cash flow while leveraging its core strengths in technology, globally recognized brands and extensive channels-to-market.
As part of this transformation, HF Sinclair has decided to retire its base oil refining assets in Mississauga, Ontario with the... More
