Since this consumes electricity, the energy need could be filled by running the converter at peak hours for renewable energy, so effectively soak up excess ener

Since this consumes electricity, the energy need could be filled by running the converter at peak hours for renewable energy, so effectively soak up excess energy to recover oil that's already out of the ground. Which would be a net win in terms of energy, possibly even financially depending on the investment costs for that device. Assuming it even holds up to the promises.