Market Insights and Analysis: Bioenergy with Carbon Capture and Storage (BECCS) Market Overview and Projections (2024-2030)
The Bioenergy with Carbon Capture and Storage (BECCS) Market size is estimated to grow at a CAGR of around 19.27% during the forecast period, i.e., 2024-30.
Top leading companies in the Bioenergy with Carbon Capture and Storage (BECCS) Market includes:
Drax Group, Chevron Corporation, Sekab BioFuels & Chemicals AB, Schlumberger New Energy, Clean Energy System, Shell, Aker Carbon Capture, Others
Industry Recent Development:
- In 2022, around 23 R&D projects selected, out of which four were BECCS projects, which includes three bio hydrogen projects. In these BECCS projects, nearly USD6.16 million investments was done.
- In 2022, the seven large-scale energy projects received funding from the EU Innovation Fund, which included two BECCS projects such as the BECCS STHLM waste-to-energy project in Sweden with an approximate investment of around USD675?million, and the K6 Lumbres cement plant in France with an investment of nearly USD285 million.
- In 2021, the Carbon Removal X-Prize launched in the US, in which around USD100 million was invested for four-year to develop & demonstrate carbon dioxide removal technologies.
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Report Segmentation:
The market is categorized into the following segments in the report:
By End Use
-Ethanol Production
-Pulp & Paper Mills
-Cement Production
-Biogas Production
-Others (Iron & Steel, Power Generation)
By Application
-Biomass Conversion
-Carbon Storage
- Biomass conversion is anticipated to hold a significant share in the Global Bioenergy with Carbon Capture and Storage (BECCS) Market in the coming years.
By Form of Energy
-Heat
-Electricity
-Biofuels
By Technology
-Oxy-combustion (Oxyfuel)
-Pre-combustion
-Post-combustion
-Others (Direct Air Capture, Chemical Looping, etc.)
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Bioenergy with Carbon Capture and Storage (BECCS) Market Geographic Reach:
The Geographic Reach of the Bioenergy with Carbon Capture and Storage (BECCS) Market evaluates the spread and significance of Bioenergy with Carbon Capture and Storage (BECCS) market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.
- North America: US, Canada, Mexico
- Europe: The UK, Germany, Norway, France, Sweden, Rest of Europe,
- Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: GCC, South Africa, Rest of MEA
Note: If you require specific information not covered in the current report, we can provide it through customized option
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