The scale of fuel production for piston engines is still small, but future industry development is expected

Piston engine fuel mainly refers to the fuel that provides power for piston engines. The fuel used in the piston engine is mixed with air in the piston engine to form a mixed gas, which is burned and expanded during the compression process of the piston engine, thereby driving the piston engine to do work and output power. Fuels for piston engines mainly include diesel, gasoline, kerosene, compressed natural gas, etc.

In recent years, the production of fuel for piston engines has shown an increasing trend. On the one hand, the production capacity of new enterprises has been gradually released, and the improvement of the technological level of enterprises and the improvement of production equipment have also been conducive to the growth of product output; on the other hand, with the The potential of general aviation and other markets continues to be released, the domestic market demand is increasing year by year, and the enthusiasm of piston engine fuel companies for production has increased, which is conducive to the growth of product output. According to the released “2022-2026 Piston Engine Fuel Industry In-depth Market Research and Investment Strategy Suggestions Report“, in 2021 , China’s piston engines use nearly 200,000 tons of fuel.

In terms of industry competition, the production of piston engine fuel needs to be certified by the Civil Aviation Administration of China. Currently, Dongying Huaya Guolian Aviation Fuel Co., Ltd., Sichuan Tianzhou General Aviation Technology Co., Ltd., PetroChina and Sinopec have the capacity to produce piston engine fuel. production capacity, and its products are certified by the Civil Aviation Administration. Therefore, there are relatively few companies in the piston engine fuel industry and competition is relatively relaxed. Among them, Sinopec and PetroChina, as domestic petrochemical energy giants, have huge business systems and dense sales channels across the country. They pay relatively little attention to the market promotion and development of piston engine fuel products. In contrast, Dongying Huaya Guolian Aviation Fuel Co., Ltd. and Sichuan Tianzhou General Aviation Technology Co., Ltd., which focus on the production and sales of piston engine fuel, have relatively strong market development efforts and have invested heavily in product development and production capacity construction. Larger, making it rapidly improve its competitiveness in fuel for piston engines.

Analysts believe that in recent years, the development of general aviation has been supported by policies, and has been widely used in agriculture, freight, environmental monitoring, film and television shooting, Search and rescue, communication support and other aspects have been widely used, promoting the continued development of China’s general aviation industry. In the future, with the development of the economy and the increase in the consumption capacity of private aircraft, the number of small private aircraft and flight duration will continue to grow, which will drive the development of China’s general aviation. More importantly, under the policy trend of opening up low-altitude airspace, The development prospects of general aviation are promising, and the number of general aviation aircraft equipped with piston engines will gradually increase, thus providing a good market environment for the development of the piston engine fuel industry.