While oil prices continue to soar to new heights, the gurus at InnovaTek are peering into the future. After years of work, said company is finally testing its hand-sized microreactor that can reportedly "convert virtually any liquid fuel into hydrogen, producing a portable hydrogen stream for use in adjoining fuel-cells." In a perfect world, the technology would come built-in to vehicles, where we'd bypass the dangerous act of transporting hydrogen and instead convert biodiesel (or similar) right within the confines of the car. As it stands, the outfit has already signed a half-million dollar joint development agreement with Chevron to "pursue fuel processing technology for hydrogen refueling stations," and while this stuff isn't apt to be an option on any showroom models next year, InnovaTek is still aiming to commercially license the microreactors by 2009.

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