Add all ingredients into a food processor and process on low until smooth, about 3 minutes.

Pour into medium sauce pan and slowly bring to simmer over medium-low heat.

Cover the pan and reduce heat to low. Simmer 30 minutes.

After 30 minutes, uncover pan and remove it from heat.

Let sauce rest for 1 hour or until it is room temperature.

Transfer to container and place in refrigerator for 4 hours or overnight for best flavor. Store in fridge for up to a week.