It is already a reality and it will be at the top in 2050. From the Air we will be able to produce Oil and then Petrol and Gasoil.
The processes are quite easy and they will be even so easier that there will be not more necessity to worry about the quantity of oil currently available on our planet.
This means that all the derivatives can be successfully produced again and again, like lubricants and/or other solid matters such as plastics etc.