LONDON, July 30, 2014 /PRNewswire/ -- 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.
About Valero
Valero Energy Ltd, a subsidiary of Valero Energy Corporation,
markets fuel in the UK under the Texaco brand. There are around 800
Texaco-branded service stations in the UK. Valero Energy Ltd also
owns and operates Pembroke Refinery in south west Wales, which is one of Europe's largest and
most complex refineries. Directly or through subsidiaries, the
company has ownership interests in four major pipelines, 6 fuel
terminals and a 14,000-barrel-per-day aviation fuels business.
Valero Energy Corporation, through its subsidiaries, is an
international manufacturer and marketer of transportation fuels,
other petrochemical products and power. Valero subsidiaries employ
approximately 10,000 people, and assets include 15 petroleum
refineries with a combined throughput capacity of approximately 2.9
million barrels per day, 11 ethanol plants with a combined
production capacity of 1.3 billion gallons per year, a 50-megawatt
wind farm, and renewable diesel production from a joint venture.
Through subsidiaries, Valero owns the general partner of Valero
Energy Partners LP (NYSE: VLP), a midstream master limited
partnership. Approximately 7,400 outlets carry the Valero, Diamond
Shamrock, Shamrock and Beacon brands in the United States and the Caribbean; Ultramar in Canada; and Texaco in the United Kingdom and Ireland. Valero is a Fortune 500 company based
in San Antonio, Texas. Please
visit www.valero.com for more information.
CONTACT:
Ruth Kent
Communications Manager
ruth.kent@valero.com
020 7513 3939
07774 239288