The term "alchemize" typically refers to the process of transforming or converting something into something else, often with the aim of achieving a higher or more valuable form. The word is derived from the medieval science of alchemy, which was concerned with the transformation of base metals into gold, the creation of elixirs of life, and other mystical pursuits.
In a broader sense, "alchemize" can refer to the process of transforming any substance or situation into something more desirable or valuable, such as transforming negative experiences into personal growth, or turning raw materials into finished products through a manufacturing process.