About GoodFuels
Company Overview
GoodFuels, a brand under FincoEnergies
HeadquartersAmsterdam, Netherlands
Founded2015
SizeApproximately 20 employees (source: rocketreach.co). Projected annual revenue of $3 million in 2024 (source: rocketreach.co).
What They Do
GoodFuels specializes in second-generation sustainable marine biofuels and integrates the entire supply chain, from sourcing certified feedstocks to production, refining, global distribution, and quality assurance. The company offers a one-stop-shop for drop-in biofuels such as Bio-Fuel Oil (MR1-100 or BFO), which provide up to 85-90% CO2 reduction, 100% SOx reduction, and 10% NOx reduction compared to heavy fuel oil (source: goodfuels.com). Their products include liquid renewable biofuels for marine bunkering, heavy road transport, rail, and industrial machinery. GoodFuels has also launched the GoodShipping Program, enabling freight carriers worldwide to decarbonize their container shipments through fuel mix changes and blockchain-tracked bunkering (source: goodfuels.com). Target markets include global shipping, heavy transport, and industrial users, with 134 customers bunkered in 2021, including 32 night operations in major international ports.
Projects & Track Record
GoodFuels has completed several notable projects, including the world's first marine biofuel bunkering in 2015 with Boskalis and Wärtsilä, and the first intercontinental container voyage on biofuels in 2017. In 2018, the company completed the first ocean voyage with a biofuel-powered vessel with D/S Norden, replacing heavy fuel oil and achieving 90% CO2 and 100% sulfur savings (source: goodfuels.com). Other significant projects include the first blockchain bunkering in 2018 with Samskip and a biofuel trial on the ro-ro ship M/V Autosky in 2020. The Dutch Coast Guard also operates on 30% GoodFuels biofuel blends, and in 2022, the world's first major passenger ship biofuel voyage took place with AIDA Cruises (source: uecc.com). The company continues to expand its operations in key international markets, focusing on the Asia-Pacific region from its office in Singapore.
Recent Developments
In the past two years, GoodFuels has reported an annual revenue of $3 million in 2024 and has maintained its profile as part of FincoEnergies, which provides sustainable energy solutions (source: rocketreach.co). In 2022, the company opened its office in Singapore and facilitated the world's first major passenger ship biofuel voyage with AIDA Cruises. GoodFuels also received the Sustainable Shipping Award in 2021 from Seatrade Maritime & Lloyd’s List (source: rocketreach.co). While no specific acquisitions or mergers have been documented, the team continues to grow from bases in Amsterdam, Rotterdam, and Singapore, with ongoing global bunkering contracts.
Working at GoodFuels
GoodFuels has approximately 20 employees in various roles, including sustainability, sales, marketing, trading, R&D, production, distribution, quality assurance, and leadership. The team comprises 12 nationalities and continues to grow rapidly (source: rocketreach.co). Most hiring occurs from the headquarters in Amsterdam, the shared offices in Rotterdam, and the office in Singapore for expansion into the Asia-Pacific region. The company culture emphasizes a passionate, innovative, and transparent team of "Better World activists" who work closely with external partners to commercially scale biofuels (source: goodfuels.com). Specific benefits are not publicly documented in available sources.
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