SK Enmove Expands North American Base Oil Reach
SK Enmove has significantly expanded its premium base oil distribution network in the North American market, moving to strengthen its influence in the global market.SK Enmove held a signing ceremony for cooperation on the supply and distribution of Group III base oil in North America with HF Sinclai
SK Enmove has significantly expanded its premium base oil distribution network in North America, solidifying its influence in the global market. A signing ceremony was held with HF Sinclair at the SK Seorin Building in Jongno-gu, Seoul on August 19. This follows a long-term supply contract signed on August 3.
SK Enmove will supply its 'YUBASE' brand base oil to HF Sinclair for use in producing lubricant products, with the right to exclusively distribute YUBASE in certain North American regions. HF Sinclair, headquartered in Texas, is a major player in the North American lubricant market, supplying products to over 80 countries.
This cooperation combines SK Enmove's stable production capacity with HF Sinclair's extensive sales network, vital in the current supply shortages due to geopolitical risks in the Middle East. SK Enmove's base oil, a key raw material for over 80% of lubricants, is particularly important as a premium product that maintains performance across temperature changes.
Through this contract, SK Enmove secures a stable supply system in North America, a key lubricant market. Currently exporting to 40 countries, SK Enmove plans to use this agreement to strengthen its North American business and expand market share. SK Enmove President Kim Won-ki sees this as an opportunity to enhance the firm's foundation in the region.
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