The latest report by MarkNtel Advisors, titled “Germany Bioenergy Carbon Capture & Storage Market Report By Offering (Components, Services), By Feedstock (Energy Crops (Miscanthus, Jatropha, etc.), Industrial & Municipal Wastes [waste oils, food processing wastes, etc.], Agricultural Residues & Waste [Straw, Corn Stover, etc.], Forestry residues), By Technology (Pre-Combustion Carbon Capture, Oxy-fuel Combustion, Post-combustion Carbon capture, Direct Air Capture [DAC], Others), Others and Region 2024-2030”, offers a comprehensive analysis of the industry, which comprises insights on the Germany Bioenergy Carbon Capture & Storage Market research report.
What is the market outlook for Germany Bioenergy Carbon Capture & Storage?
The Germany Bioenergy Carbon Capture & Storage Market is estimated to grow at a CAGR of around 14.25% during the forecast period, i.e., 2024-30.
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Major Companies Operating in the Germany Bioenergy Carbon Capture & Storage Industry:
Aker Carbon Capture, Carbon Free, Carbon Engineering, Calix Limited, Capsol Technologies, Carbon Clean, Carbon8 Systems Ltd., Svante Carbon Capture & Removal Solutions, Chart Industries, Mitsubishi Heavy Industries Ltd., Others,
Germany Bioenergy Carbon Capture & Storage Market Report Segmentation:
By Offering
-Components
–Biomass Storage & Handling System
–Gasification Unit
–Carbon Capture System
–CO2 Compression Unit
-Services
–Transportation
–Carbon Storage
By Feedstock
-Energy Crops (Miscanthus, Jatropha, etc.)
-Industrial & Municipal Wastes (waste oils, food processing wastes, etc.)
-Agricultural Residues & Waste (Straw, Corn Stover, etc.)
-Forestry residues
By Technology
-Pre-Combustion Carbon Capture
-Oxy-fuel Combustion
-Post-combustion Carbon capture
-Direct Air Capture (DAC)
-Others (Aqueous Amine-based CO2 Capture, Membrane Gas Separation, etc.)
By Application
-Biomass Combustion or Conversion
-Carbon Capture
By End Users
-Waste-to-Energy Power Plants
-Biofuel & Bio-Hydrogen Production Facilities
-Bio-mass Fuelled Industries
–Cement
–Pulp & Paper
-Others
Learn More About the Market Report – https://www.marknteladvisors.com/research-library/germany-beccs-market.html
Regional Insights:
By Region
-East
-West
-North
-South
Germany Bioenergy Carbon Capture & Storage Market Driver: Rising Greenhouse Emissions & Climate Change Fostering Market Growth
Germany has been reliant on coal for a significant portion of its energy production. The country has several coal-fired power plants, like Bexbach Power Station, which play a notable role in the country’s energy mix. These power plants emit carbon dioxide when coal is combusted for electricity generation. As a result, the energy sector is among the major contributors to increasing carbon emissions in the country. According to the Government of Germany, the emissions in the energy sector surged by 4.4% in 2022 compared to 2021.
In addition, the country has a strong industrial base, and industries, such as steel & chemicals contribute significantly to carbon emissions & climate change. Therefore, to mitigate climate change & reduce carbon emissions, the government of Germany is transitioning towards renewable resources & facilitating the adoption of Bioenergy Carbon Capture & Storage, driving market growth.
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