"Nanotechnology" again. It's just surface chemistry, people. It's nice that they can do this in the lab, but as usual, the PR is excessive. "The ability to turn CO2 into fuel at a cost comparable to a gallon of gasoline would render fossil fuels obsolete." At least get to pilot plant stage before issuing statements like that. Especially since UC Berkeley announced a similar breakthrough last year.[1] Wikipedia points…
They don't really say that they are cost comparable to gasoline, they just make the obvious statement that if something were as cheap as gasoline that would be a big deal.
I guess hyping these advances is supposed to make it easier to get funding for further research in the area. The sceptic in me expects them to hit the market right after the first fusion power plant comes online (another technology that is hyped for decades as "just around the corner").