This opportunity entails setting up a manufacturing plant for fuel additives.
Fuel oil-fired generation facilities serve to power many industrial and municipal buildings and manufacturing depots. Fuel additives keep these facilities operating at peak performance while minimizing fuel-related issues that have plagued oil-fired furnace and boiler.
KSA has massive plans to increase transmission capacity, amounting to ~69,000 Ckt km of high voltage lines and ~250,000 MVA of high voltage substations (cumulative 2017 – 2030). Similarly, planned additional distribution capacity to amount to ~69,000 Ckt km for high voltage lines and ~219,000 MVA for high voltage substations (cumulative 2017 – 2030).
Beyond KSA, major regional capacity additions are planned to service the double-fold regional demand growth. Plans to increase regional transmission capacity beyond KSA amount to ~259,000 Ckt km of high voltage lines and ~775,000 MVA of high voltage substations (cumulative 2017 – 2030). Similarly, planned additional distribution capacity to amount to ~1.9 million Ckt km for high voltage lines and ~819,000 MVA for high voltage substations (cumulative 2017 – 2030).
The KSA fuel additives market is estimated at USD 54 million in 2017 and expected to grow at a CAGR of 3%, to reach a value of USD 76 million by 2030.
With forecasted market growth, multiple opportunities exist to localize the fuel additives production value chain. The main focus of this opportunity is on manufacturing of fuel additives
- Fuel additive formulators: deposit control additives, Cetane improvers additives, antioxidant additives, lubricity and cold flow improver additives, corrosion inhibitor additives, other additives – stability improvers, octane improvers, anti icing additives, etc.
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