en.Wedoany.com Reported - Associated British Ports (ABP) has announced the signing of a new long-term lease and commercial agreement with Valero for a 12-acre liquid fuel terminal at Roath Dock in the Port of Cardiff.

The agreement ensures the continued operation of the port's largest liquid fuel terminal and supports fuel supply and storage capacity in South Wales and Southwest England.

The Cardiff terminal is connected via coastal shipping routes to Valero's refinery in Pembroke, a logistical arrangement that keeps thousands of heavy goods vehicles (HGVs) off the roads, thereby reducing road transport demand.

The site supplies fuel to homes, businesses, airports, and commercial fleets across South Wales, Southwest England, and along the M4 and M5 corridors.

Valero has been operating in Cardiff since 1996 and uses the terminal to support significant annual maritime throughput. The new agreement provides the company with long-term operational certainty, enabling further investment to extend the facility's lifespan and enhance resilience. ABP will invest in port infrastructure under the agreement to support Valero's forward investment plans.

The port operator stated that the contract is expected to bring long-term economic value to Cardiff and consolidate the port's role as an energy gateway. Richard Butler, ABP's Chief Commercial Manager, said he was pleased to expand the partnership with Valero at the Port of Cardiff, supporting critical fuel supply and important employment in South Wales for decades to come. This new agreement demonstrates a shared commitment to supporting regional economic activity and ensuring the capital region continues to benefit from a reliable supply of essential energy. This investment also reflects ABP's long-term confidence in Cardiff and the company's role in supporting UK energy security.

Associated British Ports operates a range of ports across England, Scotland, and Wales, handling goods including energy products, commodities, containers, automotive cargo, and general freight.

Valero is an international manufacturer and marketer of transportation fuels and petrochemical products, with UK operations including the Pembroke refinery in Wales.

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