Green Bunkers, a new venture launched by internationally active family office Baghdadi Capital, has kicked off operations in Spain with an initial €5 million investment from its parent company.
The capital – dedicated to technological development and the opening of its first offices – marks the official launch of the platform, which aims to disrupt the €100 billion maritime bunkering industry.
“Green Bunkers is born to bring transparency and efficiency to a traditionally opaque sector,” noted Fernando Tirado, CEO of Green Bunkers. “We want to bring transparency and trust to the sector, facilitating the transition to cleaner fuels. The vision is for a shipowner to find not only conventional fuels in each port, but also alternatives like hydrogen, methanol or certified biofuels, with the ability to offset their emissions in a simple and traceable way.” (Translated)
Founded in 2025, Green Bunkers enters the market at a time of rapid transformation. Globally, maritime bunkering moves over 200 million tonnes of fuel annually. With the inclusion of shipping in the EU Emissions Trading System (EU ETS), emissions-related costs are projected to range from €3.1 billion in 2024 to €8.4 billion in 2025, intensifying the need for emission transparency and clean alternatives.
Green Bunkers aims to lead this shift through several innovations: green corridors offering consistent access to low-emission fuels across ports, digital tools for fuel traceability, real-time fleet monitoring, and integrated carbon credit management.
The company is also working with port authorities to support cold ironing – enabling ships to shut off engines while docked – and exploring onboard carbon capture solutions.
Green Bunkers is reportedly the first platform in Spain to directly connect shipowners and charterers with fuel suppliers, offering price and emissions traceability, CO₂ offsetting options, and access to finance. Spain will serve as the startup’s international base of operations, supporting its planned expansion into Europe, the Middle East, and Southeast Asia.
Leading this charge is newly appointed CEO Fernando Tirado, who joins to steer the company’s international growth and development of green shipping corridors.
“Spain is already a natural hub for maritime supply and holds a unique geostrategic position. From here, we want to lead the transition to a more transparent, efficient and sustainable bunkering sector, driving the creation of green corridors worldwide,” said Baihas Baghdadi, Founder and Executive Chairman of Baghdadi Capital. (Translated)
The platform also plans to provide up to €50 million in financing for bunkering operations, addressing key liquidity gaps in the sector by offering capital to shipowners and securing payments for fuel suppliers.
The startup’s rollout will begin across Spain and Europe in 2025 and 2026, with a focus on Mediterranean and Northern European ports. Expansion into the Middle East and Southeast Asia is planned by the end of 2026, followed by entry into the Americas in 2027 to build a globally accessible network.
Read the orginal article: https://www.eu-startups.com/2025/09/fueling-the-future-madrids-green-bunkers-launches-with-e5-million-and-a-mission-to-clean-up-maritime-emissions/
