Transmutation Table (Equivalent Exchange)

Items Needed:
-3 Low covalence dust (green)
-2 Medium covalence dust (cyan)
-1 craftbench
-3 cobblestone
Relatively easy to make the transmutation table will allow you to do basic (and eventually complete) alchemy. While the transmutation recipes are currently unfinished as of 4.1, it still lets you do quite a bit with a little less hassle than the normal crafting grid. Can, generally, go up or down when transmuting, and occasionally have the option of transmuting "laterally", such as turning cobblestone into sandstone.
There are many possibilities to be utilized with the new system, so expect to see more recipes "soon."