HF Sinclair Corporation has announced plans to separate its Lubricants & Specialties segment through the capital markets, creating a new independent, publicly traded company. The transaction is intended to be executed over the next 12 to 18 months. 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 recognised brands and…

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