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Targray boosts European presence with new trading hub in Rotterdam

Targray, a Canada-based global trader in renewable resources, has announced the expansion of its operations into Europe with the establishment of a new trading desk in Rotterdam, the Netherlands. This strategic move aims to bolster the company's carbon trading activities in both voluntary and compliance markets, along with other commodities.

Targray boosts European presence with new trading hub in Rotterdam_Park Schoonoord in Rotterdam_visual 1Park Schoonoord in Rotterdam. AI generated picture.

Renowned for supplying commodities and advanced materials to sectors like renewable fuels, solar energy, battery technology, and sustainable cotton, Targray is now set to enhance its environmental product services. These include trading in carbon units and offering renewable energy certificates, among others.

The choice of Rotterdam for the new office is deliberate, tapping into the city's strong trade and commerce ecosystem and leveraging its status as Europe's largest port. This location is expected to significantly improve Targray's distribution network and operational efficiency across the continent.

Read more: DGB Group's bold steps towards biodiversity conservation and plastic reduction

Andrew Richardson, Targray's president, emphasised the Rotterdam office's role in providing better support and services to the European market. The office aims to offer more accessible and customised environmental solutions to meet the diverse needs of its clientele.

The company recently welcomed Jelle Jongbloed as the new global head of environmental commodities based in the Rotterdam office. Jongbloed, formerly with ACT Commodities, leads a team dedicated to assisting organisations worldwide in achieving their emissions reduction goals.

Read more: The voluntary carbon market's journey through 2023 and beyond

Located in the city's heart, the office marks a significant step in Targray's efforts to expand its global footprint. With a presence already in Switzerland, Czech Republic, Dubai, India, and Canada, the Rotterdam office adds a new chapter to Targray's ongoing commitment to environmental sustainability and carbon market trading.

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