Green Bunkers provides price and emissions traceability, carbon offsetting options and integrated carbon credit management within the EU Emissions Trading System (ETS).
Baghdadi Capital, a Spain-based investment firm, has launched Green Bunkers – a digital platform to bring transparency to marine fuel supply. It also supports the transition to lower-carbon bunkering and the development of international green corridors.
Green Bunkers is backed by €5 million for technology development, and €50 million made available by Baghdadi Capital for bunkering operations to address liquidity constraints for shipowners and payments to fuel suppliers. This is the first platform in Spain to directly connect shipowners and charters with fuel suppliers. Green Bunkers provides price and emissions traceability, carbon offsetting options, and integrated carbon credit management within the EU Emissions Trading System (ETS).
It will also collaborate with port authorities to expand zero-emission fuel supply, deploy cold ironing facilities, and explore potential onboard carbon capture technologies.
Transparency and Strategic Hub
Fernando Tirado, the newly appointed CEO of Green Bunkers, said the platform was created to bring transparency and efficiency to a traditionally opaque sector. “The vision is that a shipowner can find in every port not only conventional fuel, but also alternatives such as hydrogen, methanol, or certified biofuels, with the ability to offset their emissions in a simple and traceable way.”
Baihas Baghdadi, Founder and Executive Chairman of Baghdadi Capital, highlighted Spain’s role as a strategic hub. “Spain is already a natural hub for marine fuel supply and has a unique geostrategic position. From here, we want to lead the transition towards a more transparent, efficient, and sustainable bunkering industry, driving the creation of green corridors worldwide.”
Green corridors will ensure that vessels can consistently access low-emission fuels at multiple ports of call, reducing uncertainty for operators committing to cleaner energy solutions. The company’s roadmap envisages an initial rollout 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 scheduled for late 2026, followed by the Americas in 2027.
Furthermore, Baghdadi Capital, which manages approximately €2.5 billion in assets worldwide, regards Green Bunkers as part of an industry-wide shift towards greater digitalisation, transparency, and sustainability.
