Dallas, Feb 19 — HF Sinclair Corporation (NYSE: DINO) today announced the formation of Green Trail Fuels, LLC (“Green Trail Fuels”), a new joint venture with UPOP Holdings (“UPOP”), in which HF Sinclair will hold a 50% non-operating economic interest. The joint venture will include 30 retail sites across Colorado and New Mexico.
As part of the joint venture, HF Sinclair will supply fuel from its proximate regional refineries, strengthening the company’s branded marketing footprint in the Rockies and Southwest regions.
“This joint venture represents a strategic step forward for our Marketing segment,” said Steve Ledbetter, executive vice president, Commercial, HF Sinclair. “The establishment of this new partnership allows us to accelerate growth of the Sinclair brand at an expedited pace and capture synergies across our integrated asset base.”
Green Trail Fuels is expected to:
Accelerate growth of Sinclair-branded locations through incremental branded retail sites
Create operational and logistics synergies with HF Sinclair’s existing midstream and refining assets
Provide a scalable platform for future growth opportunities that augment its existing wholesale network and are aligned with HF Sinclair’s disciplined growth strategy
Provide exposure to additional margin streams through the partnership
HF Sinclair will supply fuel from its existing refinery locations, with UPOP operating the retail sites as a trusted, growth‑oriented partner.