Riyadh, Saudi Arabia | December 19, 2025 – Eleven Energy has taken a decisive step in redefining its global bunkering and marine energy strategy with the appointment of Konstantin Kaminski as Head of Technology, alongside confirmation of the imminent launch of ElevenX, its proprietary digital procurement and trading platform.
The dual announcement signals a clear strategic intent: to scale Eleven Energy into a technology-enabled, globally integrated marine fuel platform while preserving the relationship-driven fundamentals that underpin large-volume bunker trading. Market participants view the move as a meaningful inflection point, not only for the company, but for the Kingdom’s broader maritime and energy ambitions.
Scheduled to go live on 5 January 2026, ElevenX has already secured its first clients ahead of launch, a rare achievement for a pre-launch energy platform and a clear signal of growing demand for digital execution, pricing transparency, and operational efficiency in bunker procurement.
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A Strategic Shift — Not a Structural Break
ElevenX represents a deliberate evolution rather than a departure from traditional bunker trading. The platform has been engineered to coexist with Eleven Energy’s established trading desks, offering clients optionality in how they transact.
Customers will retain access to conventional, broker-led engagement while gaining the ability to operate within a streamlined, digital environment that enhances speed, visibility, and efficiency. In an industry where trust, credit, and long-term relationships remain paramount, Eleven Energy is positioning ElevenX as an augmentation of service rather than a disintermediation tool.
The Architect of a New Era
The appointment of Konstantin Kaminski reflects the seriousness of Eleven Energy’s digital ambitions. Widely regarded as one of the bunkering sector’s most credible technology architects, Kaminski joins the Group following senior roles at Bunker Suite and Bunker Connect, where he played a central role in the successful trials of Electronic Bunker Delivery Notes (e-BDN) in the ARA region.
His move to Riyadh is already being described by market observers as a “brain drain” of elite European bunker-tech talent into the Saudi energy ecosystem.
At Eleven Energy, Kaminski’s remit extends beyond platform development. He is tasked with leading a holistic digital transformation, integrating technology across trading operations, risk management, data architecture, and client-facing systems as the Group scales globally.
Leadership Perspective
Commenting on the appointment and the launch of ElevenX, Chris Todd, CEO and Group Director of Eleven Energy, said:
“We are delighted to welcome Konstantin to Eleven Energy. His experience and forward-thinking approach to technology are exactly what we need as we scale the Group. The launch of ElevenX marks a pivotal moment, it gives our clients genuine choice in how they engage with us, whether through traditional bunker trading relationships or via a modern, digital platform. This is about enhancing client experience, not replacing relationships.”
Todd, a veteran of global marine fuel trading with a pedigree spanning World Fuel Services and Chemoil, has been clear that ElevenX is designed to complement human expertise, not automate it away.
A Royal Vision for Digital Maritime Transformation
The acceleration of Eleven Energy’s strategy is underpinned by the involvement of HRH Prince Abdulaziz Bin Turki Bin Talal Al Saud, whose backing reflects a strong conviction in technology-led transformation across legacy industries.
Through Eleven Ventures and his wider business interests, His Royal Highness has been closely involved in future-focused initiatives aligned with Saudi Vision 2030. ElevenX represents a tangible extension of that vision into the marine energy and bunkering sector, a market increasingly shaped by digitalisation, compliance requirements, and the need for transparency at scale.
Industry observers note that ElevenX is not merely a corporate tool, but part of a broader national ambition to modernise and internationalise Saudi Arabia’s role in global maritime energy, effectively exporting a technology-first mindset to major bunker hubs such as Rotterdam, Singapore, and Houston.
The Road Ahead: Expansion in 2026
The announcements surrounding ElevenX and Kaminski’s appointment represent only the opening phase of Eleven Energy’s next growth chapter. The Group has confirmed that further updates will follow in early 2026, including:
- Global Footprint Expansion: The opening of additional international offices to support trading and platform-driven growth
- Operational Integration: Deeper alignment between traditional trading desks and ElevenX’s digital transparency and execution capabilities
As the industry looks toward the 5 January 2026 go-live, one message is clear: Eleven Energy is not simply responding to the digitalisation of bunkering, it is positioning itself at the forefront of it.
In a sector where billions of dollars in marine fuel are transacted annually, Eleven Energy’s combination of capital backing, relationship-led trading, and technology-driven execution marks the emergence of a new class of Saudi-based marine energy player, globally ambitious, digitally armed, and structurally built for scale.
About Eleven Energy
Eleven Energy is Saudi Arabia’s first global bunkering company, delivering innovative and secure marine fuel solutions across the world’s key ports. A division of Eleven Ventures, the company is backed by formidable financial resources and led by a team of industry veterans and royal leadership.
Founded in alignment with the Kingdom’s Vision 2030, Eleven Energy is pioneering a new era of Saudi leadership in the international marine fuels market. The company offers a full spectrum of services including: Global marine fuel supply and trading, Back-to-back and physical bunkering solutions, Port logistics and operational support and Compliance advisory and future fuels strategy.
“Powering global shipping with confidence, backed by integrity, innovation, and Saudi strength.”
Source Eleven Energy