Energy giant Valero has committed to its Port of Cardiff operation for the long term by striking a new lease agreement with Associated British Ports (ABP). The deal covers Valero's 12-acre liquid fuels terminal at Roath Dock, the largest facility of its kind at the port.
Job Security and Fuel Supply
The agreement 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 reduces road congestion by linking Valero’s Pembroke refinery with Cardiff via coastal shipping routes, taking thousands of HGVs off the road network.
Long-Term Investment
Valero has operated at Cardiff since 1996 and continues to invest in the terminal to handle significant annual throughput by sea. The new lease provides certainty for long-term operations and enables further investment to extend the life and resilience of critical energy infrastructure. As part of the agreement, ABP will invest in port infrastructure to support Valero’s forward investment programme, generating long-term economic value and 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 demonstrates our shared commitment to regional economic activity and ensures 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, serving as a hub for energy, bulk, and general cargoes.
