Green Bunkers, a new Madrid-based startup, launched operations with a €5 million investment. Its parent company, Baghdadi Capital, provided the initial capital. This funding supports technological development and new office openings.
The platform aims to disrupt the €100 billion maritime bunkering industry. Green Bunkers seeks to bring transparency and efficiency to this sector.
It facilitates the transition to cleaner fuels, supporting the broader shift towards clean energy.
Innovating Maritime Fuel Supply
Founded in 2025, Green Bunkers enters a transforming market. Globally, maritime bunkering moves over 200 million tonnes of fuel annually. The inclusion of shipping in the EU Emissions Trading System (EU ETS) intensifies the need for emission transparency.
Green Bunkers plans several innovations. These include green corridors for low-emission fuel access and digital tools for fuel traceability. The platform also offers real-time fleet monitoring and integrated carbon credit management. It supports cold ironing and explores onboard carbon capture solutions.
This platform connects shipowners and charterers directly with fuel suppliers. It offers price and emissions traceability, CO₂ offsetting, and access to finance. Spain serves as the Green Bunkers startup’s international base.
The company plans expansion into Europe, the Middle East, and Southeast Asia. Fernando Tirado leads as CEO, steering international growth. The Green Bunkers startup will also provide up to €50 million in financing for bunkering operations. This addresses liquidity gaps in the sector.
Rollout begins across Spain and Europe in 2025 and 2026. Focus areas include Mediterranean and Northern European ports. Expansion into the Middle East and Southeast Asia follows by late 2026. Entry into the Americas is planned for 2027. This builds a globally accessible network for sustainable shipping. Competitors like ZeroNorth and Maersk also navigate this evolving landscape.
