Underground Coal Gasification (UCG) Market to be Worth $570M in 2012

Tuesday 20 November 2012, Amsterdam

Analysis indicates that the global underground coal gasification (UCG) market will reach a value of $570m in 2012. The sector will experience strong growth over the forecast period as large scale commercial projects are constructed, helping companies and governments around the world to profit from the vast untapped coal reserves that will become accessible via underground coal gasification. Analysis provides a comprehensive overview of the underground coal gasification market taking into the various factors influencing the development of the market.

The lead analyst of the underground coal gasification report commented that, ‘The underground coal gasification (UCG) market is in the early stages of a major step up in development. The technological and economic viability of UCG technology has been proven in several countries and it is only a matter of time until the first modern commercial UCG facilities are commissioned. This will act as a catalyst for the global market, as companies and governments alike seek to exploit vast untapped and previously unexploitable coal reserves around the world. Its suitable application to power generation, the production of synthetic fuels, as well as its compatibility with upcoming technologies like enhanced oil recovery and carbon capture and storage will make UCG one of the energy sources to watch over the next decade and beyond.’

The Underground Coal Gasification (UCG) Market 2012-2022, analyses this rapidly developing energy sector and provides insights into the drivers and restraints that will shape the market over the next decade. The report contains 121 charts and graphs that add visual analysis in order to explain developing trends within the global and the 12 leading national markets. In addition, the report provides profiles of 30 leading companies operating within the market, and includes three interviews with principal UCG companies, providing expert insight alongside analysis.

The Underground Coal Gasification (UCG) Market 2012-2022 will be of value to current and future potential investors into the UCG industry, as well as companies and research centres who wish to broaden their knowledge of the underground coal gasification market.