Geneva, Switzerland – Targray has announced the opening of its EU biodiesel trading desk in Geneva, Switzerland. Part of a broader investment plan to meet demand for low-carbon fuels in the EU, the Geneva trading desk will leverage off Targray’s global franchise and in-house expertise to create differentiated value for biodiesel consumers throughout Europe.
Targray’s EU biofuels business will be led by biodiesel trader Vincent Cariou. Prior to joining the company in 2019, Vincent worked for nearly 10 years at agricultural commodities company Cargill, helping optimize procurement and logistics for biodiesel, vegetable oil and soybean meal customers in the European Union.
“Vincent has been intimately involved with the EU Biofuels market for many years and understands how to create sustainable value for customers,” said Andrew Richardson, President and CEO of Targray. “We are excited to add his experience, insight, and energy to our growing European biodiesel team.”
Targray is an international leader in the sourcing, transporting, storage, financing and supply of commodities and specialty materials for renewable energy industries. Drawing on 3 decades of experience in international trade, logistics, and risk management, the company is focused on delivering an effective mix of products and services to create sustainable value for its customers in over 50 countries.
About the Biofuels Division
The Targray Biofuels Division is a major international supplier of bio-based fuels. Leveraging its extensive network of rail cars and fuel terminals, the Biofuels Division creates innovative biodiesel procurement solutions to help fuel retailers, distributors, traders and transportation firms in the U.S. and Europe grow their profits while helping create a more sustainable economy for future generations.