At last, a story from a credible source. But Sandia underestimates the noble quality of greed. If oil prices continue to rise, natural Capitalism will simply do a "Manhattan Project". This engineering is not more difficult than Iran's thousands of turbomolecular centrifuges, after all.
There is a LOT of work going on in this field, using the old Fischer-Tropf catalysis and variants. Here is the first hit:
Patent Agent: Air Liquide - Houston, TX, US
Patent Inventors: Paul Wentink, Denis Cieutat, Guillaume De Souza
Applicaton #: 20060116430 Class: 518726000 (USPTO)
Related Patents:
Chemistry: Fischer-tropsch Processes; Or Purification Or Recovery Of Products Thereof, Hydrogenation With Gaseous Hydrogen To Purify Or Recover
Yes, it’s now down to just a “scale” thing... and, of course, the profitability at different scale levels. Fortunately, we know the ultimate size of the market and thus, scale.