Targray, a leading international supplier of renewable fuels and feedstock, has announced an expansion of its vast North American supply and distribution network today with the opening of a new biodiesel terminal in the state of Washington.
Located in Mead, an unincorporated suburb of Spokane, the new site is well-positioned to supply high-quality biodiesel fuel and alleviate supply concerns for retailers, distributors, refineries, and fleet operators across the state which has mandated a biodiesel blending requirement since 2006.
The Clean Fuel Standard (CFS) is a state-regulated legislation in Washington which requires fuel suppliers to gradually reduce the carbon intensity of transportation fuels to 20% below 2017 levels by 2034, as part of a plan to cut statewide greenhouse gas emissions by 4.3 million metric tons a year by 2038.
The market-based policy approach in Washington encourages fuel suppliers to improve efficiencies in their fuel production processes and provides incentives for producing or blending low-carbon fuels. Credits are generated for clean fuels containing a carbon intensity below the standard, which can be kept or sold to high-carbon fuel producers who need to meet their carbon-intensity reduction targets.
Targray Biofuels representatives will attend the 2023 Washington Energy & Convenience Store Convention, hosted by the Washington Independent Energy Distributors from June 19-21, to participate in discussions around decarbonization, shed light on the CFS and state cap-and-trade program, and provide market participants with solutions to reach their compliance and sustainability goals.
About Targray Biofuels
Supported by a dedicated rail fleet and a terminal network spanning the United States, Targray is committed to providing turnkey biodiesel supply solutions that enable fuel refineries, retailers, distributors, jobbers and fleet operators to achieve greater profitability while helping create a more sustainable economy for future generations.
Targray is one of the largest and fastest-growing suppliers of renewable fuels and feedstock in North America. The company’s innovative biodiesel solutions are offered at terminals throughout California, Oregon, Washington, and the Upper Midwest.