Valero to Triple Capacity at Its Avonmouth Terminal

abarrelfull wrote on 11 Aug 2014 05:13
Tags: europe trading uk valero

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Valero Energy Ltd is strengthening its supply position in the South West after announcing that Valero Logistics UK Ltd. will triple capacity at its fuel terminal in Avonmouth, making all grades of fuel available. The multi-million pound project will see the addition of three new storage tanks, which will expand storage capacity for gasoline and diesel, as well as adding kerosene and gasoil to the range of quality Valero products available from this location.

“Since Valero’s entry to the UK market, we have demonstrated our commitment to improving our ability to supply the UK market with quality fuels,” said Eric Fisher, President, Valero Europe. “Through improvements in our supply chain, such as re-opening the Manchester Terminal last year and now in the expansion of Avonmouth, we are enhancing resilience and competitiveness as a long term supplier to the UK market.”

The development is yet another indication of Valero’s long-term commitment to operating in the UK. As well as increasing storage capacity at the site, work will also be done to upgrade the ethanol blending system.

“By upgrading in our Avonmouth site, we’re building for the future, and making sure we’ve got more product available for both our retail and commercial customers,” said Mike Lewis, Director, Product Supply. “Avonmouth’s location is ideal for our commercial customers in the South West. With more product available, more flexible ethanol blending capability and reduced delivery times, our customers will benefit from resilience of supply for all grades.”

Work is expected to begin in Q4 2014.

• Valero to Triple Capacity at Its Avonmouth Terminal

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