Gasification technology is a cutting-edge method that turns low-grade fossil fuels like coal into clean and efficient energy sources. Recent advancements have overcome previous limitations, making the technology more competitive. China has rapidly developed large-scale coal gasification technology, challenging the US and EU in the market. Combining gasification with CO2 capture can be economically viable, especially in countries with expensive natural gas like Korea. The 2014 Gasification Technology Conference highlighted the latest developments and commercialization trends in this field.