That sounds like a byproduct to me.
The issue with gas/oil/petrol is that the "cycle" is pull from ground and pump into air without a way to pull it back from the air.
So yes, this puts CO2 back into the air... after pulling it out of the air. So how is it not a step forward?
Don't give up good in the pursuit of perfect.
If we get a few of these types of solutions - IE Growing algea to pull it from the air and burning it to get electricity and "putting it back"? If scaled? that can be the path forward - especially if we're getting electricity on both sides of the fence.
The path forward is to invent and scale and tweak and improve lots of different things.