There is no nitrogen mentioned in this explanation. You cannot make amino acids or proteins without nitrogen. These organism either have to be able to do nitrogen-fixation from the air, which is a really difficult and energy-intensive process or the nitrogen has to come from some growth medium. It certainly doesn't make a good first impression that they "forgot" such an important part in this description.
In general the interesting part of such a scheme is how much energy it uses. Converting CO2 to organic molecules and nitrogen-fixation are very energy-intensive processes, the problem isn't that we can't do this but that the amount of energy is incredibly expensive compared to using photosynthesis in plants.