Does that work with the process described in the article, can it be done at scale, how much does it cost? While I hear about a couple of these breakthrough alternate fuels a year, I’ve yet to see a single one that doesn’t fall down on at least one of those areas. The first one isn’t a deal-killer — you could have an alternate fuel product for petrol and a different one for fuel oils, but if they can’t be made economically at scale, these technologies are useless for all but niche purposes.
I don't know what the process in the article is, so I cannot answer that question.
We can conclude the Virent process is not competitive at current prices (or else it would be done more widely.) The more relevant question is would it be cheap enough to work in a world without fossil fuel net CO2 emission. It would have to be cheaper than obtaining the fuel from oil, followed by direct air capture and sequestration of CO2, for zero net emission.