'Underground Coal Gasification (UCG) Market to be Worth $570m in 2012' Says Visiongain Report

'Underground Coal Gasification (UCG) Market to be Worth $570m in 2012' Says Visiongain Report PR Newswire LONDON, November 5, 2012 LONDON, November 5, 2012 /PRNewswire/ -- Visiongain's 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. Visiongain's 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.