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There is a projected shortage in the world supply of Octanoic Acid (CAS 124-07-2, also known as Caprylic Acid). This global shortage is being caused primarily by increased demand for jet engine lubricants and nutritional products for infant and elderly care.
Currently, the most common way of procuring this chemical for industrial/commercial purposes is via isolation from natural resources, usually from palm kernel oil or coconut oil.
Propose a synthetic route (method/process) that is reproducible, reliable, and established, for the preparation of Octanoic Acid which would be easily implemented in commercial manufacturing. Please include a description of your solution and include supporting literature that supports feasibility, as well as examples, if possible.