Market Leads & Opportunities
£127m investment in Valeros Pembrokeshire site supported by Welsh Government
Major investment signals confidence in the Welsh economy (March 1st). First Minister Carwyn Jones, who met with Valero while in Washington this week, has welcomed the news, describing it as a vote of confidence in the Pembrokeshire site and the wider Welsh economy.The £127m project will create a combined heat and power (CHP) cogeneration unit at Valero’s Pembroke refinery. The 45 megawatt unit will provide power for the refinery, help Valero better control future electricity costs and achieve greater energy efficiency.These changes will ensure the future viability of the business and help sustain employment for the site’s 1000 plus employees and contractors. In addition, a principal contractor will be appointed and hold an open day for local people to discuss job opportunities with the project.
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