(KRON) -- In what city officials are calling a "significant transition" for the city and community, the Valero Benicia Refinery has announced it will cease operations in 2026. The City of Benicia said it was informed on Wednesday by the Valero Energy Corporation that its subsidiary, Valero Refining Company-California has submitted a notice to the California Energy Commission of intent to "idle, restructure, or cease refining operations" at the Benicia refinery in April next year.
The city said it will work with Valero to "seek clarity around the timeline and scope of the proposed operation change," while keeping the community informed about potential economic impacts to residents.
"This is a moment of significant transition for our city and community," said Benicia City Manager Mario Giuliani. "However, Benicia has shown time and again that we are resilient. Over the past two years, we've faced tough budget challenges and worked hard to strengthen our economic foundation -- and we will continue to move forward together."
"Valero has long been a part of Benicia's identity and economy, and today's news is deeply impactful for our entire community," said Benecia Mayor Steve Young. "While this potential transition raises many questions, I want to reassure our residents that the City is committed to transparency, collaboration, and careful planning."
"We understand the impact that this may have on our employees, business partners, and community, and will continue to work with them through this period," said Lane Riggs, chairman, CEO and president of Valero.
The Benicia Refinery has been owned and operated by Valero since 2000. The refinery was originally built for Humble Oil, later known as Exxon. Construction on the facility began in 1968 and was completed in 1969.
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