German company Sunfire GmbH formed in 2010, but is the culmination of over 20 years of work and research aimed at efficiently converting water into fuel. Just recently, the company made an announcement saying they have have created a machine that will turn water into oil.

“I would call it a miracle because it completely changes the way we are producing fuels for cars, planes and also the chemical industry,” Nils Aldag, Chief Financial Officer and co-founder of Sunfire GmbH told RT.

The machine uses a process known as Fischer-Tropsch Synthesis, which was developed about 90 years ago by the German chemists Franz Fischer and Hans Tropsch.

While this process has been known about for a long time, it has been so expensive that it has not been practical for anyone to apply it. However, this new machine is able to make the conversation more efficient and cheaper than ever before. It will still be more expensive to produce fuel from water than to extract it from the earth, but the money saved in transportation will actually even the costs out.

“What is important is that the value creation happens at the place where you use the fuel. You are producing the fuel right where you are actually going to use it,” Aldag explained.

The machine should be ready to hit the market in 2016 after the company is able to jump through all of the government’s regulatory hoops and get the necessary permission to proceed with their project.

“I think in a very long time it will actually have an impact on geopolitics. What you always have to know is that the quantities that are required in these industries are so big that it would be difficult for such a technology to make a significant impact in a short period of time,” said Aldag.

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John Vibes writes for True Activist and is an author, researcher and investigative journalist who takes a special interest in the counter culture and the drug war.