Meeting global climate goals requires significant deployment of carbon capture technologies, particularly in bioenergy systems. Bio-CHP (Combined Heat and Power) systems, when combined with carbon capture and storage (CCS), have the potential to achieve negative emissions by permanently removing CO2 from the atmosphere. The BioNETzero project aims to advance next-generation oxy-combustion technologies for bio-CHP, addressing key challenges such as biomass feedstock variability, combustion efficiency, and CO2 capture. Through experimental testing, computational modeling, and regional showcase studies, the project will optimize bio-CHP systems to deliver low-emission, cost-effective, and scalable solutions. This paper outlines the BioNETzero project's approach to advancing decarbonized bio-CHP technologies, with a focus on the environmental, technical, and economic benefits of deploying these systems across Europe.