Abstract: The present Invention relates to a hydrothermal process for the preparation of coal-like material from biomass, in which a reaction mixture comprising biomass is heated by contacting with steam, the steam moving counter-currently relative to the reaction mixture, to obtain a reaction mixture comprising activated biomass, and the activated biomass is subsequently polymerized to give a reaction mixture comprising coal-like material. According to another aspect, the present invention relates to a column, preferably a vertically oriented evaporation column, comprising horizontally oriented mass transfer trays, rotor elements mounted on a rotor shaft that is vertically oriented and passes through a rotor shaft opening in the mass transfer trays, and a housing provided with suitable upper and lower inlets and outlets. The column can be used with benefit in the hydrothermal process of the invention.