Bunker supplier Peninsula and storage terminal operator Evos are progressing with plans to build a large-scale storage facility for green fuels in Spain, according to ShippingWatch. The project has not yet received a final investment decision, the outlet reports.
Growing Demand for Alternative Fuels
According to ShippingWatch, the initiative reflects a broader shift within the shipping sector toward biofuels. John A. Bassadone, founder and CEO of Peninsula, told ShippingWatch that this shift is being driven by price volatility in conventional fuels alongside regulatory pressures. Bassadone specifically cited the EU’s FuelEU Maritime regulation and the EU Emissions Trading System (ETS) as factors accelerating the move toward biofuel adoption among shipowners and operators.
While ShippingWatch’s report confirms that Peninsula and Evos are moving forward with the planning process, further details regarding the facility’s capacity, exact location within Spain, timeline, or total investment figures were not disclosed in the available source material.
Does This Matter to You?
For those involved in bunkering operations, fuel procurement, or vessel routing through Spanish waters and the wider Mediterranean, this development signals continued expansion of green fuel infrastructure in the region. A new large-scale storage facility could eventually influence the availability and logistics of biofuel bunkering options for vessels calling at Spanish ports, depending on how the project develops.
The backdrop cited by Peninsula’s CEO—regulatory drivers like FuelEU Maritime and the EU ETS—is already shaping fuel choices across the industry, making infrastructure investments like this one relevant context for anyone tracking compliance costs or alternative fuel supply chains. However, as the project awaits a final investment decision, concrete operational impacts, such as specific capacity or expected completion, remain unconfirmed based on the current reporting.
Those monitoring long-term bunkering infrastructure trends in Southern Europe may wish to follow further updates on this project as it progresses toward a final decision.
Gulf Bunkering does not provide operational or security guidance. This article is for informational purposes only. Operators should consult flag state authorities, P&I clubs, and relevant advisories for decisions relating to transit planning.
Sources: ShippingWatch
