Belgium's bioenergy with carbon capture and storage market is projected to reach USD 40.12 billion by 2032, according to a new Markntel Advisor report. The growth case rests on a structural need for negative emissions. Belgium's climate-neutrality pathway leaves up to 5.7 MtCO2e of residual industrial emissions in 2050, and BECCS is one of the few options that can offset those. The report notes solid biomass combustion and conversion will account for about 65% of the market in 2026, with waste-to-energy leading by industrial application at 31%. Public funding is also moving: the European Commission approved USD 302 million in additional state aid for the Kairos@C project, and Belgium's Innovation Fund portfolio includes four large-scale projects with USD 775 million in committed EU support. Cost remains the main challenge. First-of-a-kind BECCS projects can cost USD 75 to 300 per tonne of CO2 removed, and CCS-equipped facilities face 30% to 70% higher upfront and operating costs. That makes open-access CO2 networks like Fluxys c-grid central to whether the market scales.
