Spain-based investment firm Baghdadi Capital has launched Green Bunkers, a digital platform aimed at bringing transparency to marine fuel supply while supporting the transition to lower-carbon bunkering and the development of international green corridors.
The launch is backed by €5 million for technology development and a Spanish office that will act as the firm’s global base. Baghdadi Capital will make up to €50 million available to finance bunkering operations, addressing liquidity constraints for shipowners and ensuring payments to fuel suppliers.
Green Bunkers describes itself as the first platform in Spain to directly connect shipowners and charterers with fuel suppliers. Its services include price and emissions traceability, CO2 offsetting options and integrated carbon credit management within the EU Emissions Trading System (ETS). The company also intends to collaborate with port authorities to expand zero-emission fuel supply, deploy cold ironing facilities and explore potential onboard carbon capture technologies.
Newly appointed CEO Fernando Tirado will oversee Green Bunkers’ expansion strategy. He commented: ‘Green Bunkers 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, emphasised Spain’s role as a strategic bunkering 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, focusing 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. 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.
