HF Sinclair Evaluates Strategic Pipeline Expansion to Western Markets

HF Sinclair Corporation (NYSE: DINO) recently announced the evaluation of a multi-phased expansion of its Midstream refined products footprint across PADD 4 and PADD 5. This initiative is designed to address the increasing supply and demand imbalances in key western markets, particularly Nevada and multiple markets in California, resulting from announced refinery closures on the West Coast. HF Sinclair believes its current geographic footprint and infrastructure provide an advantaged position to quickly and efficiently deliver refined products where the market needs are strongest.

Subject to Board and regulatory approvals, the proposed multi-phased expansion projects under review are projected to enable incremental supply of up to 150,000 barrels per day of product into various markets. The first phase would increase capacity by a projected 35,000 barrels per day to move supply from our Rockies production into Nevada and is targeted to be online in 2028. This initial phase would include expanding the Pioneer Pipeline (a jointly-owned pipeline with Phillips 66) from Sinclair, WY to Salt Lake City, UT and debottlenecking our wholly-owned UNEV Pipeline from Salt Lake City, UT to Las Vegas, NV.

Additional phases under evaluation include the following projects:

• Medicine Bow Pipeline: Expansion and reversal of HF Sinclair’s wholly-owned pipeline between Denver, CO and Sinclair, WY.
• Pioneer Pipeline: Additional expansion of the jointly-owned pipeline with Phillips 66 from Sinclair, WY to Salt Lake City, UT.
• UNEV Pipeline: Additional expansion of HF Sinclair’s wholly-owned pipeline from Salt Lake City, UT to Las Vegas, NV.
• Building a new lateral from Salt Lake City, UT to Reno, NV.

These projects reflect HF Sinclair’s strategic focus on asset integration and value chain optimization of our core refining, midstream and marketing businesses. HF Sinclair believes this multi-phased expansion is an example of how we can leverage our competitive advantages and geographic footprint to support our efforts to deliver accretive long-term growth well into the future.

About HF Sinclair Corporation

HF Sinclair Corporation, headquartered in Dallas, Texas, is an independent energy company that produces and markets high-value light products such as gasoline, diesel fuel, jet fuel, renewable diesel and lubricants and specialty products. HF Sinclair owns and operates refineries located in Kansas, Oklahoma, New Mexico, Wyoming, Washington and Utah. HF Sinclair provides petroleum product and crude oil transportation, terminalling, storage and throughput services to its refineries and the petroleum industry. HF Sinclair markets its refined products principally in the Southwest U.S., the Rocky Mountains extending into the Pacific Northwest and in other neighboring Plains states and supplies high-quality fuels to more than 1,700 branded stations and licenses the use of the Sinclair brand to more than 300 additional locations throughout the country. HF Sinclair produces renewable diesel at two of its facilities in Wyoming and also at its facility in Artesia, New Mexico. In addition, subsidiaries of HF Sinclair produce and market base oils and other specialized lubricants in the U.S., Canada and the Netherlands, and export products to more than 80 countries. For more information, visit www.hfsinclair.com.