Targray’s Environmental Commodities business engages in the trading and supply of carbon credits, carbon offsets and renewable energy certificates (RECs) for compliance and voluntary carbon markets around the world.

Targray was established in 1987 in Beaconsfield, Quebec by metallurgical engineer Thomas A. Richardson to supply manufacturing materials and consumables for the compact disc manufacturing industry. As of 2019, the company operated sales offices, warehouses and fuel terminals in Canada, the United States, the Czech Republic, the United Arab Emirates, Belgium, Switzerland, China, Hong Kong, Taiwan and India.