Bioenergy With Carbon Capture And Storage Market - Global Industry Size, Share, Trends, Opportunity and Forecast, Segmented By End Use, By Technology, By Form of Energy, By Application, By Region & Competition, 2021-2031F

Description

The Global Bioenergy With Carbon Capture And Storage Market is projected to expand significantly, rising from USD 238.17 Million in 2025 to USD 622.63 Million by 2031 at a CAGR of 17.37%. Bioenergy with Carbon Capture and Storage (BECCS) functions as a negative-emission technology by coupling biomass energy generation with the capture and permanent storage of produced carbon dioxide, effectively extracting historical atmospheric carbon rather than just curbing new emissions. This sector is propelled by increasing global dedication to net-zero goals and the critical need for carbon removal mechanisms to counterbalance emissions from challenging sectors like aviation and heavy industry, while strong policies and financial incentives in key economies offer the investment stability needed for these capital-heavy initiatives.

Market Overview
Forecast Period	2027-2031
Market Size 2025	USD 238.17 Million
Market Size 2031	USD 622.63 Million
CAGR 2026-2031	17.37%
Fastest Growing Segment	Electricity
Largest Market	North America

However, despite its potential, the industry encounters major obstacles regarding commercial implementation and scalability. As noted by the International Energy Agency, the installed global capture capacity from biogenic sources reached only about 2 million tonnes annually in 2024, with a primary concentration in bioethanol applications. A primary barrier limiting rapid market growth involves the high expense of integrating the technology alongside the logistical difficulties of building a sustainable, large-scale biomass supply chain that avoids negatively impacting biodiversity or food security.

Market Driver

The expansion of tax credit programs and financial incentives for carbon removal is acting as a vital accelerant for the Global Bioenergy With Carbon Capture And Storage Market by alleviating the substantial capital risks involved in deploying facilities. Governments are actively spanning the divide between pilot stages and commercial scalability through funding competitions and direct procurement strategies that validate removal technologies. For example, the U.S. Department of Energy announced in May 2024 that it had chosen 24 semifinalists for its Carbon Dioxide Removal Purchase Pilot Prize, offering a route to $35 million in cash awards to bolster projects such as biomass carbon removal and storage, thereby providing the revenue assurance developers need to attract private funding and progress infrastructure development.

Concurrently, escalating corporate pledges toward ESG objectives and net-zero emissions are fueling significant demand for permanent carbon sequestration, creating a strong voluntary market. Companies seeking to offset residual, hard-to-abate emissions are increasingly prioritizing bioenergy-based capture because of its measurability and durability relative to nature-based options. This intense corporate interest was highlighted in May 2024 when Stockholm Exergi signed a landmark deal to supply Microsoft with 3.33 million tonnes of permanent carbon removals over a decade. The sector's dominance is further confirmed by market data; according to CDR.fyi, Bioenergy with Carbon Capture and Storage represented over 90% of the total durable carbon removal transaction volume in the second quarter of 2024.

Market Challenge

The combination of high technology integration costs and the logistical intricacies of the biomass supply chain presents a significant obstacle to the commercial scalability of the Global Bioenergy With Carbon Capture and Storage Market. Establishing these facilities demands considerable upfront capital to retrofit bioenergy plants with capture units, resulting in a financial risk profile that deters rapid investment. This economic strain is exacerbated by the operational challenge of guaranteeing a consistent, large-scale supply of feedstock that adheres to rigorous sustainability standards, which is essential for verifying negative emissions.

Consequently, the industry faces difficulties in expanding its reach because the biomass supply chain is currently unable to keep up with the required rate of technological deployment. The logistical complications associated with sourcing, transporting, and certifying biomass create bottlenecks that limit the feasibility of projects. According to Bioenergy Europe, global wood pellet production remained largely flat at around 48.3 million tonnes in 2024. This stagnation in feedstock availability underscores how supply chain limitations are directly impeding the market's capacity to scale up and satisfy the growing demand for carbon removal.

Market Trends

The integration of facilities into Industrial CCS Hubs and Clusters is transforming the market landscape by moving away from standalone projects toward shared transport and storage networks. By separating capture operations from sequestration sites, this approach lowers the high capital costs and logistical risks typically linked to single-source ventures. Developers are increasingly connecting bioenergy plants to regional clusters that gather emissions from various industrial sources, achieving economies of scale that render smaller capture units financially feasible. This infrastructure growth is substantial; the Global CCS Institute's '2024 Global Status of CCS Report' from October 2024 notes that the industry has advanced 212 CO2 transport and storage projects into the Front-End Engineering Design (FEED) phase globally, forming the backbone needed for broad deployment.

At the same time, the transition toward waste-derived biomass feedstocks is gathering speed as developers aim to maximize carbon negativity without competing with food production. Market players are actively expanding beyond traditional energy crops to prioritize forestry byproducts, agricultural residues, and municipal waste, ensuring better lifecycle emissions performance and adherence to strict sustainability protocols. This shift helps facilities secure long-term viability amidst tightening land-use regulations. The magnitude of this operational change is exemplified by Orsted's August 2024 update, which confirmed plans to capture 430,000 tonnes of biogenic carbon dioxide annually at its Kalundborg site by exclusively using wood chip residues and straw as fuel.

Key Market Players

Drax Group
FS-Fueling Sustainability
Sekab BioFuels & Chemicals AB
Chevron Corporation
Schlumberger New Energy
Clean Energy Systems

Report Scope

In this report, the Global Bioenergy With Carbon Capture And Storage Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Bioenergy With Carbon Capture And Storage Market, By End Use

Ethanol Production
Pulp & Paper Mills
Cement Production
Biogas Production
Electrical Power Plants
Heat Power Plants

Bioenergy With Carbon Capture And Storage Market, By Technology

Oxy-combustion
Pre-combustion
Post-combustion

Bioenergy With Carbon Capture And Storage Market, By Form of Energy

Heat
Electricity
Biofuels
Others

Bioenergy With Carbon Capture And Storage Market, By Application

Biomass Conversion
Carbon Storage

Bioenergy With Carbon Capture And Storage Market, By Region

North America
- United States
- Canada
- Mexico
Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
South America
- Brazil
- Argentina
- Colombia
Middle East & Africa
- South Africa
- Saudi Arabia
- UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Bioenergy With Carbon Capture And Storage Market.

Available Customizations:

Global Bioenergy With Carbon Capture And Storage Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Bioenergy With Carbon Capture And Storage Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By End Use (Ethanol Production, Pulp & Paper Mills, Cement Production, Biogas Production, Electrical Power Plants, Heat Power Plants)
- 5.2.2. By Technology (Oxy-combustion, Pre-combustion, Post-combustion)
- 5.2.3. By Form of Energy (Heat, Electricity, Biofuels, Others)
- 5.2.4. By Application (Biomass Conversion, Carbon Storage)
- 5.2.5. By Region
- 5.2.6. By Company (2025)
5.3. Market Map

6. North America Bioenergy With Carbon Capture And Storage Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By End Use
- 6.2.2. By Technology
- 6.2.3. By Form of Energy
- 6.2.4. By Application
- 6.2.5. By Country
6.3. North America: Country Analysis
- 6.3.1. United States Bioenergy With Carbon Capture And Storage Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By End Use
    - 6.3.1.2.2. By Technology
    - 6.3.1.2.3. By Form of Energy
    - 6.3.1.2.4. By Application
- 6.3.2. Canada Bioenergy With Carbon Capture And Storage Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By End Use
    - 6.3.2.2.2. By Technology
    - 6.3.2.2.3. By Form of Energy
    - 6.3.2.2.4. By Application
- 6.3.3. Mexico Bioenergy With Carbon Capture And Storage Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value
  - 6.3.3.2. Market Share & Forecast
    - 6.3.3.2.1. By End Use
    - 6.3.3.2.2. By Technology
    - 6.3.3.2.3. By Form of Energy
    - 6.3.3.2.4. By Application

7. Europe Bioenergy With Carbon Capture And Storage Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By End Use
- 7.2.2. By Technology
- 7.2.3. By Form of Energy
- 7.2.4. By Application
- 7.2.5. By Country
7.3. Europe: Country Analysis
- 7.3.1. Germany Bioenergy With Carbon Capture And Storage Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By End Use
    - 7.3.1.2.2. By Technology
    - 7.3.1.2.3. By Form of Energy
    - 7.3.1.2.4. By Application
- 7.3.2. France Bioenergy With Carbon Capture And Storage Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By End Use
    - 7.3.2.2.2. By Technology
    - 7.3.2.2.3. By Form of Energy
    - 7.3.2.2.4. By Application
- 7.3.3. United Kingdom Bioenergy With Carbon Capture And Storage Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By End Use
    - 7.3.3.2.2. By Technology
    - 7.3.3.2.3. By Form of Energy
    - 7.3.3.2.4. By Application
- 7.3.4. Italy Bioenergy With Carbon Capture And Storage Market Outlook
  - 7.3.4.1. Market Size & Forecast
    - 7.3.4.1.1. By Value
  - 7.3.4.2. Market Share & Forecast
    - 7.3.4.2.1. By End Use
    - 7.3.4.2.2. By Technology
    - 7.3.4.2.3. By Form of Energy
    - 7.3.4.2.4. By Application
- 7.3.5. Spain Bioenergy With Carbon Capture And Storage Market Outlook
  - 7.3.5.1. Market Size & Forecast
    - 7.3.5.1.1. By Value
  - 7.3.5.2. Market Share & Forecast
    - 7.3.5.2.1. By End Use
    - 7.3.5.2.2. By Technology
    - 7.3.5.2.3. By Form of Energy
    - 7.3.5.2.4. By Application

8. Asia Pacific Bioenergy With Carbon Capture And Storage Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By End Use
- 8.2.2. By Technology
- 8.2.3. By Form of Energy
- 8.2.4. By Application
- 8.2.5. By Country
8.3. Asia Pacific: Country Analysis
- 8.3.1. China Bioenergy With Carbon Capture And Storage Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By End Use
    - 8.3.1.2.2. By Technology
    - 8.3.1.2.3. By Form of Energy
    - 8.3.1.2.4. By Application
- 8.3.2. India Bioenergy With Carbon Capture And Storage Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By End Use
    - 8.3.2.2.2. By Technology
    - 8.3.2.2.3. By Form of Energy
    - 8.3.2.2.4. By Application
- 8.3.3. Japan Bioenergy With Carbon Capture And Storage Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By End Use
    - 8.3.3.2.2. By Technology
    - 8.3.3.2.3. By Form of Energy
    - 8.3.3.2.4. By Application
- 8.3.4. South Korea Bioenergy With Carbon Capture And Storage Market Outlook
  - 8.3.4.1. Market Size & Forecast
    - 8.3.4.1.1. By Value
  - 8.3.4.2. Market Share & Forecast
    - 8.3.4.2.1. By End Use
    - 8.3.4.2.2. By Technology
    - 8.3.4.2.3. By Form of Energy
    - 8.3.4.2.4. By Application
- 8.3.5. Australia Bioenergy With Carbon Capture And Storage Market Outlook
  - 8.3.5.1. Market Size & Forecast
    - 8.3.5.1.1. By Value
  - 8.3.5.2. Market Share & Forecast
    - 8.3.5.2.1. By End Use
    - 8.3.5.2.2. By Technology
    - 8.3.5.2.3. By Form of Energy
    - 8.3.5.2.4. By Application

9. Middle East & Africa Bioenergy With Carbon Capture And Storage Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By End Use
- 9.2.2. By Technology
- 9.2.3. By Form of Energy
- 9.2.4. By Application
- 9.2.5. By Country
9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Bioenergy With Carbon Capture And Storage Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By End Use
    - 9.3.1.2.2. By Technology
    - 9.3.1.2.3. By Form of Energy
    - 9.3.1.2.4. By Application
- 9.3.2. UAE Bioenergy With Carbon Capture And Storage Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By End Use
    - 9.3.2.2.2. By Technology
    - 9.3.2.2.3. By Form of Energy
    - 9.3.2.2.4. By Application
- 9.3.3. South Africa Bioenergy With Carbon Capture And Storage Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By End Use
    - 9.3.3.2.2. By Technology
    - 9.3.3.2.3. By Form of Energy
    - 9.3.3.2.4. By Application

10. South America Bioenergy With Carbon Capture And Storage Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
10.2. Market Share & Forecast
- 10.2.1. By End Use
- 10.2.2. By Technology
- 10.2.3. By Form of Energy
- 10.2.4. By Application
- 10.2.5. By Country
10.3. South America: Country Analysis
- 10.3.1. Brazil Bioenergy With Carbon Capture And Storage Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By End Use
    - 10.3.1.2.2. By Technology
    - 10.3.1.2.3. By Form of Energy
    - 10.3.1.2.4. By Application
- 10.3.2. Colombia Bioenergy With Carbon Capture And Storage Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By End Use
    - 10.3.2.2.2. By Technology
    - 10.3.2.2.3. By Form of Energy
    - 10.3.2.2.4. By Application
- 10.3.3. Argentina Bioenergy With Carbon Capture And Storage Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By End Use
    - 10.3.3.2.2. By Technology
    - 10.3.3.2.3. By Form of Energy
    - 10.3.3.2.4. By Application

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. Global Bioenergy With Carbon Capture And Storage Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Drax Group
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
15.2. FS-Fueling Sustainability
15.3. Sekab BioFuels & Chemicals AB
15.4. Chevron Corporation
15.5. Schlumberger New Energy
15.6. Clean Energy Systems