DTEK confirmed in a statement on Friday that the pair had signed a Memorandum of Understanding, as well as an agreement for the development of a provisional feasibility study for the project, in November.

The companies’ head honchos met up in Donetsk, Ukraine on Friday to discuss project milestones and prospects for developing the technology.

UCG is the process by which underground in-situ coal combustion produces a synthesis gas feedstock that is similar to natural gas in terms of quality but is richer in hydrogen and carbon monoxide.

The