Marine
Biofuels
Marine biofuels produced from certified feedstocks are rapidly gaining interest among international ocean shippers and carriers.
As one of the world’s leading suppliers of renewable fuels and feedstocks, Targray helps guide and support international shipping companies seeking to reach their sustainability targets through the use of marine biofuel and EU ETS compliance solutions tailored to the maritime sector.
Bio-Based Fuel Supply Solutions
Estabished in 2012, our Biofuels business has grown to become a leading international supplier of bio-based fuels, notably biodiesel. Our continuously expanding supply network is supported by marketing agreements with biodiesel producers throughout the U.S., Canada and Europe.
Leveraging our experience as a global biodiesel distribution company, we are focused on helping freight shipping companies, ferry operators and cruise ship lines transition towards renewable marine fuels and fuel blends for their fleets.
Why is the shipping sector's fuel use a concern for global emissions, and how is it regulated?
How much of the shipping sector’s fuel needs modification to meet IMO regulations, and why?
Due to IMO’s sulphur regulations, approximately 70% of the fuel currently used in the shipping sector must be modified or replaced to meet new standards. These changes are critical for reducing sulphur emissions, which are a major contributor to harmful pollution, especially in sensitive coastal regions.
What potential do biofuels hold for meeting the shipping sector’s low-sulphur fuel requirements?
Biofuels, including biodiesel and renewable diesel from plant oils or used cooking oil, have low sulphur levels and reduced CO₂ emissions, making them suitable for Very Low Sulphur Fuel Oil (VLSFO) and Ultra Low Sulphur Fuel Oil (ULSFO) needs. However, producing the large volumes required is challenging, as current biofuel production can only supply an estimated 10-20 million tonnes annually with existing technology.
What challenges must be addressed for biofuels to become widely used in the shipping industry?
The main challenges include limited knowledge within the shipping sector on using biofuels, as well as technical and logistical issues associated with fuel handling and supply. Collaboration between biofuel producers, suppliers, engine developers, and ship owners is essential to scale up biofuel use and make it a feasible alternative for sustainable marine fuel.
Creating Distinctive Value for Marine Biofuel Suppliers and End-Users
Our extensive industry network and logistics capabilities allow us to deliver high-quality marine biofuels from a range of sustainable sources, ensuring a consistent and reliable supply for our partners. With tailored solutions and in-depth knowledge, we assist our clients in seamlessly integrating marine biofuels into their operations, helping them lower emissions, meet stringent environmental standards, and make meaningful progress toward a cleaner marine industry.