UK fuel distributor Greenergy Fuels is to build new fuel tankage and distribution facilities in Cardiff.
This marks the next step in its UK expansion strategy, following its recent acquisition and refurbishment of the Mayflower Terminal in Plymouth and extensive investment in new fuel storage and blending facilities at Seals Sands in Teesside.
The addition of a terminal in Cardiff will also see the integration of rail haulage into Greenergys distribution network, with fuel being moved between Cardiff and other UK coastal terminals by rail rather than road or ship. More extensive use of rail distribution to include various inland terminals across the UK is planned.
The Cardiff terminal is being developed in a long-term partnership between Greenergy and Inver, an established tank storage operator. The project, due for completion in autumn 2011, will involve both the construction of new tankage as well as refurbishment of existing tanks.
New rail loading facilities will also be created at the site.
The Cardiff terminal will strengthen our fuel distribution capability in an under-supplied part of the UK, where tankage and infrastructure are insufficient to meet the demand for fuel in the area, Andrew Owens, Greenergy CEO comments.
With the addition of Teesside, Plymouth and Cardiff to the Greenergy network, the company has now completed its expansion into target UK coastal locations. It is now looking to establish a position at further inland locations, completing a comprehensive UK tankage and distribution network to meet the needs of its growing customer base.
Greenergy has 20% share of the UK road fuel market and sells more than 140 million litres of petrol, diesel and biofuel every week to oil companies, supermarkets and bus, haulage and industrial customers.