The surging production of biofuels to obtain bioenergy from biomass in a way that heat & power can be generated during the process is further escalating the growth of the market in the forthcoming years.

According to MarkNtel Advisors study, The Global Bioenergy with Carbon Capture and Storage (BECCS) market is projected to grow at a CAGR of around 19.27% during the forecast period, i.e., 2024-30.

With the growing bio-economy, there is rising competition for biomass resources & land across the globe. This augmented the pressure on sustainable biomass production & land use. The rising biomass demand for bioenergy with carbon Capture and Storage impacts both the industrial & power sectors, as sustainable management & appropriate sustainability standards are necessary for biomass. This is owing to the BECCS feedstock produced on land that does not impact food production, biodiversity, soil carbon stocks, or causes negative land use changes. In addition, a shift in the usage of biomass feedstock production has been proposed for both abandoned & existing agricultural land that is inefficient for food production. Therefore, the lack of sustainable biomass resources & land is predicted to hamper the market revenue in the coming years.

✅In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2025 to 2030, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.

Download Free Sample Copy @ https://www.marknteladvisors.com/query/request-sample/beccs-market.html            

Key Findings in Bioenergy with Carbon Capture and Storage (BECCS) Market:

Bioenergy with Carbon Capture and Storage (BECCS) Market Key Players:

Drax Group, Chevron Corporation, Sekab BioFuels & Chemicals AB, Schlumberger New Energy, Clean Energy System, Shell, Aker Carbon Capture, Others

Market Segmentation Overview:

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. This process occurs by digestion or fermentation, producing gaseous & liquid fuels, respectively. The most common fuel is bioethanol, which produces a pure stream CO2 stream during the fermentation process. The CO2 is compressed & stored, omitting the need for capture, thus the subsequent combustion of biofuel or gas also produces CO2, further resulting in declining overall carbon emissions.

By Form of Energy

-Heat

-Electricity

-Biofuels

By Technology

-Oxy-combustion (Oxyfuel)

-Pre-combustion

-Post-combustion

-Others (Direct Air Capture, Chemical Looping, etc.)

Read Full Report @ https://www.marknteladvisors.com/research-library/acaas-market.html            

By Region

North America

South America

Europe

The Middle East & Africa

Asia-Pacific

The Bioenergy with Carbon Capture and Storage (BECCS) 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.

About MarkNtel Advisors:

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

Being one of the most efficient market research companies in India, our specialized team of experienced & efficient market research professionals is capable of grasping every minute and valuable information & data of the market to offer our clients with satisfactory details. Our company has served the biggest market research firms in India at leading positions and is proficient in managing all types of market research projects.

Have an Any Query,

Call Us - US Office: +1 628 895 8081

Email - [email protected]

Address Sales Office: 564 Prospect St, B9, New Haven, Connecticut, USA-06511

Address Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India