Todays Global Intelligence: 22 October 2026

Feedstock: India. India has directed state-run oil marketing companies to stop procuring ethanol made from sugarcane juice, sugar syrup and B-heavy molasses for the 2026–27 supply year, beginning in November. The measure aims to preserve domestic sugar supplies and contain prices amid concerns about weaker production following poor rainfall in key growing regions. Bharat Petroleum issued a tender seeking approximately 11 billion Liters of ethanol, with procurement instead focused on alternative feedstocks such as maize and surplus rice. The government has also reduced the incentive for maize-based ethanol, signalling a significant shift in feedstock policy while seeking to maintain its E20 gasoline-blending program. Link 22/10/2026.

Hydrogen: China. CIMC Raffles held a launching ceremony for what it describes as the world’s first semi-submersible platform integrating offshore wind power and hydrogen production. Designed for shallow waters and harsh sea conditions, the platform features a large-scale proton exchange membrane (PEM) electrolyser, three hydrogen storage systems and dual grid-connected and off-grid power supply modes. The project is part of CIMC’s efforts to expand beyond traditional oil and gas equipment into marine green-energy technologies. Link 22/10/2026.

Hydrogen: The Netherlands. Dutch hydrogen refuelling firm Resato Hydrogen Technologies (RHT) has been declared bankrupt by a court after efforts to secure new customer orders failed to close in time. It comes after the company was granted a suspension of payments in July as it sought to shore up fresh investment with the support of a court-appointed administrator. Link 22/10/2026.

Methanol: Latvia. The Freeport of Riga Authority, South Korean company ECOMETHANOL Co., Ltd., and Latvian company AE Risinājumi signed a MoU to explore the development of a green methanol production facility at the Port of Riga. The project aims to establish Riga as a strategic hub for green methanol production, exports and ship bunkering, supporting the decarbonisation of maritime transport. By combining South Korean technology with Latvia’s renewable energy potential and Riga Port’s strategic infrastructure, the partnership could create new investment opportunities and strengthen Latvia’s position in the growing green fuels market. The initiative is part of a broader vision to supply sustainable marine fuels at both ends of the Northern Sea Route, connecting Europe and Asia. Link 22/10/2026.