It has struck a new long-term lease at its Port of Cardiff terminal operation with Associated British Ports
From left to right: David McLoughlin, director pipelines and terminals, Valero; Haydn Dawson, lead estates Manager, ABP; Richard Butler, lead commercial director, ABP and Sam Marsh, director of product supply, Valero.
One of the world’s biggest independent petroleum refiners, Valero, has committed to its Port of Cardiff operation for the long-term.
The company has agreed a new long-term lease with the port’s owner Association British Port’s for its 12-acre liquid fuels terminal at Roath Dock, the largest such facility at the Port of Cardiff.
The deal safeguards skilled jobs on site and supports the supply of fuel for households, businesses, airports and commercial fleets across South Wales, the south west of England and the M4 and M5 corridors. It also takes thousands of HGV’s off the road network by linking Valero’s Pembroke refinery with Cardiff by vessels accessing coastal shipping routes.
Valero, as operated at Cardiff since 1996 and continues to invest in the terminal to support significant annual throughput by sea. The new agreement provides certainty for long-term operations, while enabling further investment to extend the life and resilience of critical energy infrastructure.
As part of the long-term lease ABP will invest in port infrastructure to further support Valero’s forward investment programme. The agreement is expected to generate long-term economic value for the port while strengthening Cardiff’s role as a strategically important energy gateway
Richard Butler, lead commercial manager at ABP, said: We are delighted to extend our partnership with Valero at the Port of Cardiff, supporting vital fuel supplies and critical jobs across South Wales for decades to come.
“This new agreement with demonstrates our shared commitment to support regional economic activity and ensuring the Cardiff City Region continues to benefit from reliable access to essential energy supplies.
“This investment also reflects ABP’s long-term confidence in Cardiff and our role in supporting the UK’s energy security.”
The Port of Cardiff is one of ABP’s key ports in South Wales as a hub for energy, bulk and general cargoes.
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