Photo: Targray
October 7, 2019
BY Ron Kotrba
International biodiesel marketer and distributor Targray has opened a new biodiesel terminal in Antwerp, Belgium. Targray’s Antwerp Biodiesel Terminal is a 24/7 biofuel storage and blending center serving fuel producers, distributors, traders and retailers in markets throughout Europe.
The terminal is strategically positioned within Europe’s largest petrochemical center and connects to EU customer bases through various transportation modes, including rail, sea, inland waterway, and over-the-road networks. Targray began taking orders at the new terminal in the third quarter of this year and supplies commercial volumes of biodiesel from a broad range of feedstocks.
According to Targray, the opening of its new biodiesel terminal comes as EU fuel suppliers seek to meet sustainability targets for two key European Commission regulations—the Fuel Quality Directive and the Renewable Energy Directive—entering their final year.
The FQD requires a reduction of the greenhouse gas intensity of transport fuels in the EU by a minimum of 6 percent. The RED sets a 20 percent target for renewable energy and a 10 percent target for renewable energy in transport. Both directives stipulate that targets must be achieved by the end of 2020.
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CoBank’s latest quarterly research report, released July 10, highlights current uncertainty around the implementation of three biofuel policies, RFS RVOs, small refinery exemptions (SREs) and the 45Z clean fuels production tax credit.
The U.S. Energy Information Administration maintained its forecast for 2025 and 2026 biodiesel, renewable diesel and sustainable aviation fuel (SAF) production in its latest Short-Term Energy Outlook, released July 8.
XCF Global Inc. on July 10 shared its strategic plan to invest close to $1 billion in developing a network of SAF production facilities, expanding its U.S. footprint, and advancing its international growth strategy.
U.S. fuel ethanol capacity fell slightly in April, while biodiesel and renewable diesel capacity held steady, according to data released by the U.S. EIA on June 30. Feedstock consumption was down when compared to the previous month.
XCF Global Inc. on July 8 provided a production update on its flagship New Rise Reno facility, underscoring that the plant has successfully produced SAF, renewable diesel, and renewable naphtha during its initial ramp-up.