HF Sinclair evaluates strategic pipeline expansion to Western markets

HF Sinclair (DINO) Corporation 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.