Green Bunkers, New firm by Baghdadi Capital, aims to transform marine fuel industry through digitalisation, transparency, financing and green fuel corridors across Europe, the Middle East and Southeast Asia.
Madrid, September 1, 2025 – In a bold move to accelerate the decarbonisation of the global maritime fuel supply chain, Baghdadi Capital, the internationally-operating independent family office, has announced the launch of Green Bunkers, a new digital platform based in Spain designed to bring transparency, sustainability and financing innovation to the bunkering industry.
Backed by an initial €5 million investment for technology development and strategic expansion, Green Bunkers will provide a cutting-edge platform that connects shipowners and charterers directly with fuel suppliers—offering real-time pricing, emissions data, CO₂ offsetting solutions, and access to liquidity.
The venture will be led by seasoned maritime executive Fernando Tirado, who joins as Chief Executive Officer to spearhead Green Bunkers’ international growth and the development of green corridors—strategic maritime fuel routes focused on low- and zero-emission fuels—across Europe, the Middle East and Southeast Asia.
A Strategic Launch at a Pivotal Time for Maritime Energy Transition
The global bunkering industry is valued at more than €100 billion annually, with over 200 million tonnes of marine fuel consumed each year, according to data from the IEA and IMO. As international and regional regulations tighten—particularly with the inclusion of maritime transport in the EU Emissions Trading System (ETS)—the need for transparent, efficient, and decarbonised fuel supply chains has never been more urgent.
Spain, home to one of Europe’s busiest ports, is emerging as a natural bunkering hub. The Port of Algeciras, in particular, handles an estimated 3 million tonnes of marine fuel annually. With forecasted ETS-related regulatory costs potentially increasing from €3.1 billion in 2024 to €8.4 billion in 2025, the demand for smart bunkering solutions is rising fast.
“Spain is already a natural hub for marine fuel supply and has a unique geostrategic position,” said Baihas Baghdadi, Founder and Executive Chairman of Baghdadi Capital. “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 Bunkers: A Platform Built for the Future of Fuel Supply
At the core of Green Bunkers is a technology-driven platform that allows maritime operators to make informed fuel purchasing decisions based on key criteria such as price, availability, emissions data, and regulatory compliance. The company’s ambition is to support the full digitalisation of the bunkering value chain, from procurement to emissions tracking and carbon credit management.
Green Bunkers will also deploy up to €50 million in financing to the market to support bunkering operations—ensuring liquidity for shipowners and secure, traceable payments for fuel suppliers. This dual offering of technology and financing positions Green Bunkers as a unique player in the energy transition for maritime logistics.
“Green Bunkers was created to bring transparency and efficiency to a traditionally opaque sector,” said Fernando Tirado, CEO of Green Bunkers. “Our goal is to provide the confidence and visibility the industry needs to accelerate its shift towards cleaner fuels.”
Green Corridors and the Path to Decarbonisation
One of Green Bunkers’ most ambitious initiatives is the rollout of green corridors—dedicated shipping routes where vessels can access alternative fuels such as hydrogen, methanol and certified biofuels at multiple port calls, while being able to offset emissions in a traceable, verifiable way.
Key features of the Green Bunkers model include:
- Full fuel traceability across the supply chain
- Integrated carbon credit management aligned with EU ETS compliance
- Digital monitoring of fleets and ports for carbon footprint tracking
- Cold ironing solutions, allowing ships to plug into shore power during port stays, eliminating emissions and noise pollution
- Partnerships with port authorities to promote zero-emission fuel availability and onboard carbon capture
“The vision is that a shipowner can arrive at any port along a corridor and find both conventional and alternative fuels, with full traceability and environmental impact information available at the point of sale,” Tirado explained.
Strategic Rollout: Spain First, Then the World
Green Bunkers’ strategic plan begins with an initial rollout across Spain and Europe through 2025 and 2026, with a focus on major Mediterranean and Northern European ports. From late 2026, the company will expand into the Middle East and Southeast Asia, aiming to establish integrated corridors connecting critical maritime trade routes.
By 2027, Green Bunkers intends to enter the Americas, completing its goal of offering a globally accessible, sustainable bunkering solution.
This phased expansion aligns with Baghdadi Capital’s broader mission of advancing sustainable finance and strategic innovation through its investment vehicles.
Baghdadi Capital: Financing the Energy Transition
Founded by former banking executive Baihas Baghdadi, Baghdadi Capital has grown into a reference global independent family office. With nearly €2.5 billion in assets under management, the firm specialises in providing working capital, factoring, and tailored liquidity solutions to medium and large enterprises across Spain, the U.S., and other strategic markets.
The launch of Green Bunkers represents a significant leap into the maritime and energy infrastructure space—combining Baghdadi Capital’s financial expertise with a strong commitment to innovation and sustainability.
“With Green Bunkers, we are not just financing operations; we are building a new model of how marine fuels are sourced, traded, and verified,” said Baghdadi. “From Spain to the world, our goal is to shape a cleaner, more transparent future for global shipping.”
About Baghdadi Capital
Baghdadi Capital is a global independent family office providing alternative financing solutions with a focus on working capital, factoring, and strategic investment. Operating primarily in Spain and the United States, the firm is led by its founder, Baihas Baghdadi, and manages assets nearing €2.5 billion.
About Green Bunkers
Green Bunkers is a new venture by Baghdadi Capital, focused on transforming the marine fuel supply industry through digitalisation, financing, and decarbonisation. Headquartered in Spain, Green Bunkers connects shipowners and fuel suppliers with a digital platform offering real-time pricing, emissions transparency, CO₂ offsetting, and green corridor infrastructure.
Source Green Bunkers | Baghdadi Capital