Canada-headquartered multinational materials distributor Targray has opened its biodiesel terminal in Antwerp, Belgium. The biofuels storage and blending facility operates 24/7, and will serve fuel producers, distributors, traders and retailers in European markets.
The facility is strategically located in Europe’s largest petrochemical centre, while Antwerp has good connections to customer bases throughout Europe via rail, sea, inland waterway and road transportation networks.
The terminal, which took its first order in the third quarter of 2019, supplies quantities of biodiesel from a wide range of feedstocks.
The opening of the terminal comes as fuel suppliers in the European Union (EU) seek to meet sustainability targets for two key European Commission directives entering their final year: the Fuel Quality Directive (FQD) and the Renewable Energy Directive (RED).
The FQD requires a reduction of the greenhouse gas intensity of transport fuels in the EU by a minimum of 6%, while the RED sets a 20% target for renewable energy and a 10% target for renewable energy in transport. Both directives state that targets must be met by the end of 2020.
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