Biofuel Marketing & Trading


 Targray Biofuels is an international leader in the sourcing, transportation, storage, trading and supply of biodiesel fuel and feedstock.

Supported by our vast network of managed rail cars and terminals, we create biofuel energy solutions to meet the growing global demand for low carbon transportation fuels. Our fuel programs help retailers, distributors, traders and refineries become more profitable while creating a more sustainable economy for future generations.

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Our Solutions

biodiesel rail car

International Exports

Our international supply agreements with manufacturers enable us to deliver global procurement efficiencies for customers.

biodiesel trader

Turnkey Supply Solutions

We combine our biodiesel supply capabilities and compliance expertise to create turnkey blending solutions for distributors and retailers alike.

biodiesel fuel terminal

Biofuels Trading

We procure fuel from the lowest-cost producers and efficiently move it to retailers and truck stops in under-served markets.

feedstock marketing

Feedstock Marketing

Key distribution agreements with certified feedstock suppliers enable us to effectively meet the raw material requirements of biodiesel producers

U.S. Biodiesel Distribution Map

U.S. Distribution

We operate one of the largest and fastest-growing biodiesel fuel supply and distribution networks in the United States.

Targray Biofuels Headquarters

EU Distribution

Our Geneva-based trading business creates innovative supply solutions for EU commodity traders, brokers, distributors, and fuel retailers.

About our Biofuels Business

Established in 2012, Targray’s renewable fuels business is one of the largest and fastest-growing international suppliers of bio-based fuel and feedstock materials.

With 30 years experience in international trade and distribution, we are well-positioned to support the biofuel requirements of industry participants.

How are Biofuels Made?

Ethanol is an alcohol, the same found in beer and wine. It is made by fermenting any biomass high in carbohydrates through a process similar to brewing beer. Ethanol is mostly used as a fuel additive to cut down a vehicle’s carbon monoxide and other smog-causing emissions. But flexible-fuel vehicles, which run on gasoline and up to 85% ethanol, are widely available in the U.S. and elsewhere.

Pure biodiesel is made by combining alcohol with vegetable oil, animal fat, or recycled cooking greases. It can be used as an additive, or in its pure form as a 100% renewable alternative for diesel engines.

Other bio-based fuels include methanol and reformulated gasoline components. Methanol, commonly called wood alcohol, is currently produced from natural gas. However, it can also be produced from biomass. There are a number of ways to convert biomass to methanol, but the most common approach is called gasification. With gasification, the biomass is vaporized at high temperatures and impurities are removed. The biomass then passes through a catalyst and is converted into methanol.

Is Biofuel Renewable?

In contrast to fossil fuels, the source biomatter of advanced biofuels can regrow quickly. As a result, bio-based fuels (like ethanol, biodiesel, renewable diesel, and biogas) can be classified as a renewable.

Unlike other renewable sources, biomass can be converted directly into liquid bio-based fuels to help meet transportation fuel needs.

What is Biofuel?

Biofuel is a fuel produced from organic material like plant materials, vegetable oil, animal fat, and cellulosic biomass.

Depending on the feedstock used, biofuel may qualify as carbon-neutral. This is achieved when the carbon dioxide absorbed by the plants equals the CO2 released when the fuel combusts.

Common Biofuel Types


Biodiesel is produced from oils or fats using transesterification. The resulting liquid is similar in composition to fossil and mineral diesel. Consisting mostly of fatty acid methyl esters (FAMEs), biodiesel is the most common biofuel in Europe. Its feedstocks include animal fats, vegetable oils, soy, rapeseed, jatropha, mustard, flax, sunflower, palm oil, hemp and algae.

Pure biodiesel (B100) currently reduces emissions by up to 60% compared to diesel. It can be used in any diesel engine when mixed with petroleum diesel. In fact, it is technically possible to run a diesel engine on pure biodiesel B100. However, biodiesel is most commonly blended with petroleum diesel (B5, B20, etc.) to avoid “gelling” in cold weather environments.



Ethanol fuel is the most common biofuel worldwide. It is produced by fermentation of sugars derived from wheat, corn, sugar beets, sugar cane, molasses and any sugar or starch from which alcoholic beverages can be made. The ethanol production methods used are enzyme digestion, fermentation of the sugars, distillation and drying.

Ethanol can be mixed with gasoline to any percentage for use in petrol engines. Indeed, most modern petrol engines can run on blends of up to 15% ethanol with petroleum gasoline.


Solid Biomass

Firewood is the most conventional and ancient biofuel, and the most commonly used solid biomass fuel. It is still used in many parts of the world for both domestic (cooking, home heating) and industrial (thermal power plants, industrial boilers) purposes. Solid biomass comes in less convenient forms than liquid fuels. These include sawdust, wood chips, grass, waste wood and agricultural residues.

Solid biomass will typically undergo densification prior to being used for commercial purposes. The predominant densification processes used today yield wood pellets, cubes, or pucks. The pellet process is most common in Europe, and is typically carried out on a pure wood product.



Biogas refers to a mixture of different gases produced by the breakdown of organic matter. The breakdown process, which entails depriving the organics of oxygen, is called anaerobic digestion. Biogas can be produced from raw materials such as agricultural waste, plant material, sewage or food waste.

Biogas is suitable for use as a fuel, burning easily without producing much pollution.

Biofuel Supply Programs for Retailers & Distributors

Our sourcing network is supported by a managed rail fleet that supplies fuel from locations throughout North America and Europe.

As a registered member of the EPA, CARB, and ISCC, we understand the complexities of the sustainable fuel market and use that knowledge to serve you better. Our innovative turnkey programs help businesses of all sizes meet compliance requirements without compromising their operational efficiency.

Latest News

Targray Joins Agri-food Supercluster Protein Industries Canada

Montreal, Canada – Targray is proud to join Protein Industries Canada (PIC), an industry-led not-for-profit organization and one of Canada’s five innovation Superclusters, with the shared goal of strengthening Canada’s agri-food sector and economy and helping the...

Janine Peter Named CFO for Targray

Montreal, Canada – Targray has announced the appointment of international finance executive Janine Peter as its Chief Financial Officer (CFO). Janine will also serve as a member of the Senior Management Team, acting as a strategic partner to Targray President Andrew...

Targray Appoints Sajindra Jayasena as CIO

Montreal, Canada – Targray has announced the appointment of Sajindra Jayasena as its Chief Information Officer (CIO) and the newest member of its Senior Management Team. Sajindra comes to Targray from leading global commodities trading software provider...

Targray Earns 2021 Great Place to Work® Certification™

Montreal, Canada – Targray has been certified for a second consecutive year as a “great place to work” by the Great Place to Work ® Institute. The certification was granted following the company’s administration of its worldwide employee survey last month and earning...

Mikael Mörn Named VP of Commodity Trading

Montreal, Canada – Targray has announced the appointment of Mikael Mörn as Vice President of Commodity Trading. Operating out of Targray offices in Geneva, Switzerland, Mikael will also serve as a member of the executive team, providing leadership and advice on key...

Targray Partners With Energy Storage Manufacturer Storz Power

Two important companies in the renewable and energy storage industry are working together to create a more robust energy grid catering to their dealers and property owner end users. Here’s how: Storz Power and Targray are officially announcing their new Battery Supply...

Targray Introduces New Outdoor Collaboration Space

Last week at Company Headquarters in Montreal, Targray introduced ''The Hive'' - an innovative new outdoor collaboration space designed by Quebec-based architectural firm La Maison BV.The Hive was designed to provide our people with a space to reflect, relax,...

Targray Opens International Pulses Trading Desk

Sustainable commodities company Targray has formally announced the opening of an international pulses trading desk. Operating jointly out of Targray offices in Canada, China, India and the United Arab Emirates, the new business unit will be headed by a dedicated team...

Targray Unveils BIPV Solar Module Line-up

International solar supplier Targray has unveiled a line of high-efficiency solar modules for building integrated photovoltaics (BIPV) systems. Featuring a range of solar tiles, shingles and wall panels that integrate seamlessly with any building’s cladding, the new...

Targray Certified as a Great Place to Work®

Montreal, Canada - Targray, a leading international supplier of advanced materials and commodities for the biofuels, solar, battery and agriculture sectors, has been certified as a great place to work by the Great Place to Work ® Institute. The certification was...