The energy ratio and cost being terrible doesn't matter for some PR usecases.
Imagine being able to sell Formula 1 this fuel so the whole industry can claim to be green and try and try to re-attract young crowds who are turned away by un-greenness?
The fuel could cost 100x as much, and it still wouldn't be a big issue.
"Imagine being able to sell Formula 1 this fuel so the whole industry can claim to be green and try and try to re-attract young crowds who are turned away by un-greenness?"
I loled. They could use ground unicorn for fuel, and I still wouldn't be interested.
There are other ways besides biology that hydrocarbons can be
produced. Pure water placed between diamond anvils at high temperature and enormous pressure will spontaneously produce hydrocarbons. Titan's atmosphere is mostly hydrocarbons that didn't come from living things.
Also, technically, all hydrocarbons are made from Carbon sucked from the air.