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Bioenergy With CCS Market to Reach $676.6 million, Globally, by 2033 at 12.3% CAGR: Allied Market Research

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One of the primary drivers for Bioenergy with Carbon Capture and Storage (BECCS) is the increasing global commitment to mitigating climate change. The demand for negative-emission technologies has grown significantly as nations strive to meet their net-zero emissions targets, outlined in agreements such as the Paris Agreement. BECCS is one of the few large-scale solutions that can actively remove carbon dioxide from the atmosphere while simultaneously generating energy, making it a critical component of climate action strategies.

WILMINGTON, Del., March 12, 2025 /PRNewswire/ — Allied Market Research published a report, titled, “Bioenergy With CCS Market by Technology (Oxy-combustion, Pre-combustion, Post-combustion, Others), and Application (Biomass Conversion, Carbon Storage): Global Opportunity Analysis and Industry Forecast, 2024-2033″. According to the report, the bioenergy with CCS market was valued at $212.4 million in 2023, and is estimated to reach $676.6 million by 2033, growing at a CAGR of 12.3% from 2024 to 2033.

Prime determinants of growth

One of the major factors that drives the growth of bioenergy with CCS market is advancements in CCS technology. Improvements in carbon capture efficiency and cost reductions enhance the feasibility of BECCS projects. However, high implementation costs for bioenergy with CCS is expected to hamper the growth of market. Moreover, integration with existing biomass power plants is expected to provide lucrative opportunities in the market.

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Report coverage & details:

Report Coverage

Details

Forecast Period

2024–2033

Base Year

2023

Market Size in 2022

$212.4 Million

Market Size in 2032

$676.6 Million

CAGR

12.30 %

No. of Pages in Report

239

Segments Covered

Technology, Application, and Region

Drivers

Advancements in CCS Technology

Increasing Demand for Renewable Energy

Opportunity

Integration with Existing Biomass Power Plants

Restraint

High Implementation Costs Bioenergy with CCS

The oxy-combustion segment is expected to lead the trial by 2033.

Based on technology, the oxy-combustion segment held the highest market share in 2023, accounting for more than one-third of the market revenue and is likely to retain its dominance throughout the forecast period. Oxy-combustion is a promising technology in Bioenergy with Carbon Capture and Storage (BECCS), aimed at reducing carbon emissions while generating renewable energy. In this process, biomass is combusted in an oxygen-rich environment instead of ambient air, which eliminates nitrogen from the combustion process. This results in a flue gas stream with a high concentration of carbon dioxide (CO₂), making it easier to capture and store. The absence of nitrogen also leads to higher flame temperatures, improving combustion efficiency but necessitating advanced cooling and material technologies to manage the heat.

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The biomass conversion segment is expected to dominate the trial by 2033.

Based on application, the biomass conversion segment dominated the bioenergy with CCS market in 2023. Biomass conversion plays a crucial role in Bioenergy with Carbon Capture and Storage (BECCS) by providing a sustainable method for generating energy while actively reducing atmospheric carbon dioxide levels. Biomass, derived from organic materials such as agricultural residues, forestry waste, and dedicated energy crops, undergoes conversion processes to produce biofuels, biogas, or direct combustion energy. These processes release carbon dioxide, but when combined with CCS technologies, the emitted carbon can be captured and stored underground, making BECCS one of the few negative-emission technologies available.

Asia-Pacific dominated the Bioenergy with CCS Market in 2023.

The Asia-Pacific region is emerging as a key player in the deployment of Bioenergy with Carbon Capture and Storage (BECCS) due to its growing energy demand, strong industrial base, and commitment to reducing carbon emissions. Countries such as China, Japan, India, and Australia are actively exploring BECCS as a viable solution to meet their net-zero targets while maintaining energy security. China, with its large-scale biomass resources and ambitious decarbonization goals, has been investing in pilot projects and research initiatives focused on integrating BECCS with existing power plants and industrial processes. Similarly, Japan has been incorporating BECCS into its long-term energy strategy, emphasizing its role in achieving negative emissions while utilizing biomass from domestic and international sources.

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Players: –

Chevron CorporationDrax GroupØrsted A/SSaudi Arabian Oil Co.SekabClean Energy SystemsClimeworksLanzaTechAker SolutionsBabcock & Wilcox Enterprises, Inc.

The report provides a detailed analysis of these key players in the bioenergy with CCS market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

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About us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Contact us:
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Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int’l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com

Web: https://www.alliedmarketresearch.com/reports-store/energy-and-power

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Hexagon Composites ASA: Eirik Løhre appointed permanent CFO

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OSLO, Norway, May 5, 2026 /PRNewswire/ — Reference is made to the stock exchange announcement dated 11 November 2025, where Eirik Løhre was appointed interim CFO in Hexagon Composites.

The Company is pleased to inform that Eirik Løhre has been appointed permanently to the role of CFO in Hexagon Composites, effective today.

Eirik Løhre has been with the Company since 2021 and prior to his role as interim CFO, he served as EVP Corporate Development on the Executive Team.  

“Eirik has demonstrated strong financial leadership and execution, and he has been instrumental in strengthening our financial performance. I look forward to continuing our work together to develop and position Hexagon in this next phase of growth,” said Philipp Schramm, CEO, Hexagon Composites. 

For more information:
Berit-Cathrin Høyvik, Senior Director, Communications, Hexagon Composites
Tel: +47 988 92 161, berit-cathrin.hoyvik@hexagongroup.com

About Hexagon Composites ASA
Hexagon delivers safe and innovative solutions for a cleaner energy future. Our solutions enable storage, transportation and conversion to clean energy in a wide range of mobility and industrial applications. Learn more at www.hexagongroup.com and follow @HexagonASA on LinkedIn.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/hexagon-composites-asa/r/hexagon-composites-asa–eirik-lohre-appointed-permanent-cfo,c4344308

 

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LONGPORT Whale Enters Malaysian Market with Next Generation Trading Infrastructure for Local Brokerages

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LONGPORT Whale, with proven track record across 100+ institutional clients in Asia, makes its Malaysia debut at Bursa Malaysia Stockbroking Trade Fair 2026

KUALA LUMPUR, Malaysia, May 5, 2026 /PRNewswire/ — LONGPORT Whale, a provider of AI-Ready securities trading infrastructure, is making its entry into the Malaysian market at the Bursa Malaysia Stockbroking Trade Fair 2026. The move comes as Malaysia’s Capital Market Masterplan 2026–2030 (CMP4) continues to hone in on local brokerages to modernise core systems, balancing investor experience, regulatory compliance, and operational resilience simultaneously.

Malaysian brokerages are increasingly confronted by a challenge that goes beyond front-end upgrades. Legacy architectures struggle to keep pace with digital-native investor expectations, rising cybersecurity standards, and the demand for multi-market expansion simultaneously. For many such brokerages, the question is no longer whether to modernize, but how to do so without adding complexity or disrupting the business continuity that clients depend on.

Zhong Hua, CEO, LONGPORT Whale, said, “Core trading infrastructure must support continuous evolution — in investor experience, compliance, and AI readiness — without adding unnecessary complexity. The brokerages that lead the next decade won’t be the ones with the best system today; they’ll be the ones whose systems are designed to keep getting better. LONGPORT Whale aims to bring its Asia-proven experience to help Malaysian brokers strike that balance.”

Built on a cloud-native microservices architecture and trusted by more than 100 institutional clients in Asia, Whale’s platform is engineered by industry professionals and refined through years of first-hand operational experience. For the Malaysian market, it addresses four priorities: a best-in-class trading experience validated across competitive, highly regulated markets in Asia; system resilience and performance built for institutional scale, with high system performance and output, real time risk management, and low system latency; global market connectivity spanning Malaysia, Singapore, Hong Kong SAR, US, and Japan without requiring system rebuilds; and an API-first, data-unified architecture that gives brokerages a practical foundation for AI adoption.

Hong Kong SAR and Singapore, where Whale serves online brokers, traditional banking firms, banks and wealth management institutes in a stringent regulatory environment, serve as the primary reference market for its Malaysia expansion. The company said it aims to work with local industry participants as both an infrastructure partner and a contributor to broader conversation on responsible modernization under CMP4.

About LONGPORT Whale

LONGPORT Whale provides integrated securities trading infrastructure to brokers, banks, fund houses, wealth managers, and family offices across Asia. Its cloud-native platform supports multi-market, multi-asset trading across front-, middle-, and back-office workflows, with a deployment model designed for regulatory alignment and long-term scalability. Website: www.longportwhale.com

Media Contact
LONGPORT Whale PR Team
Email: media@longportwhale.com

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SOURCE LONGPORT Whale

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Thunes and Vodacom Tanzania Unite to Power Cross-Border M-Pesa Payments Across China and Uganda

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Collaboration revolutionises trade & financial convenience for Tanzanian merchants and consumers

SINGAPORE, May 5, 2026 /PRNewswire/ — Thunes, the Smart Superhighway to move money around the world, has joined forces with Vodacom Tanzania, the country’s leading telco company, to transform cross-border trade and digital financial inclusion with Vodacom’s new M-Pesa Global Payment solution. Thanks to the collaboration, Vodacom customers in Tanzania can now seamlessly pay merchants in Uganda and China directly from their mobile phones.

This milestone solution responds to growing demand from Tanzanian traders who engage in commerce with Ugandan and Chinese markets but often face challenges with costly, slow, and insecure payment methods. With this innovation, leveraging the Thunes Direct Global Network, Vodacom aims to bridge those gaps, offering secure, real-time digital payments across borders and reinforcing its leadership in mobile money innovation in Africa.

The solution supports trade with two key markets for Tanzania. For eight consecutive years, China has been Tanzania’s largest trading partner, with bilateral trade hitting $8.8 billion in 2024. In the same year, bilateral trade between Tanzania and Uganda reached approximately $2.23 billion, an increase of 64% on the previous year.

Epimack Mbeteni, M-Pesa Director at Vodacom Tanzania said: “This is more than just a payment feature, it is a catalyst for economic empowerment and a gateway for small and medium businesses and entrepreneurs in Tanzania to compete and thrive in regional and global markets. Through Thunes’ expansive and trusted Network we are enabling seamless, secure, and affordable cross-border payments that empower people, fuel trade and place M-Pesa at the center of Africa’s digital commerce future.”

Through Thunes’ Direct Global Network, customers can now send payments to merchants in Uganda using MTN MoMo and to Chinese merchants through the Alipay network, all through the M-Pesa USSD menu or the M-Pesa Super App. The process is secure, user-friendly, and eliminates the burden of traditional banking barriers for everyday traders and businesses.

Dawei Wang, SVP Network at Thunes, added: “Vodacom Tanzania joining the Thunes Direct Global Network to digitise cross-border payments is a game changer for local businesses. By combining Vodacom’s technology with Thunes’ trusted and proprietary Network, Tanzanian customers can pay partners in China and Uganda in real time. This innovation accelerates interoperability along with international trade and business growth and supports our vision of connecting the next billion end users to the global economy.”

This initiative stands as a strategic enabler for consumers and micro, small, and medium enterprises (MSMEs) who need reliable and quick financial tools such as mobile money. A 2025 GeoPoll survey on Tanzania Financial Services and Usage found that 94% of the survey’s respondents use mobile money.

The Thunes and Vodacom Tanzania alliance is set to transform the lives of millions of consumers by dismantling cross-border barriers. By hyper-connecting Tanzania to global powerhouses like China and streamlining intra-African trade, the collaboration is helping to build an inclusive economy and grow Tanzania’s role as a force in the global market.

About Vodacom Tanzania

For more information, visit: https://www.vodacom.co.tz/

About Thunes

For more information, visit: https://www.thunes.com/

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