In order to access the recipe you need to make a certain number of sauces and have one of the cooking skills open. Sorry I don't remember the details, but just keep making sauces and you'll get there.
I have learned Saucery II but it was not available. It wasn't until I earned Gravy Maven (made 41 sauces) that I was able to make Hot 'n' Fizzy Sauce. Maybe this changed in an update?