Madrid-based startup Green Bunkers has launched operations with a €5 million investment from its parent company, Baghdadi Capital. This funding aims to advance technological development for its maritime decarbonization platform, which targets the €100 billion maritime bunkering industry by enhancing transparency and efficiency.
Founded in 2025, Green Bunkers seeks to facilitate the transition to cleaner fuels as shipping becomes part of the EU Emissions Trading System (EU ETS). The startup plans to introduce innovations such as green corridors for low-emission fuel access, digital tools for fuel traceability, and real-time fleet monitoring. Additionally, it will explore onboard carbon capture solutions and support cold ironing.
Green Bunkers connects shipowners and charterers directly with fuel suppliers, offering emissions traceability and CO₂ offsetting. With Spain as its base, the company is set to expand into Europe, the Middle East, and Southeast Asia, led by CEO Fernando Tirado. Plans include providing up to €50 million in financing for bunkering operations to address liquidity gaps.
The rollout will begin across Spain and Europe in 2025 and 2026, with further expansion into the Americas planned for 2027, creating a global network for sustainable shipping.
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