I see that as a positive, not a negative. Since the pellets can be sold, investors are more likely to invest in the development of the process. And the extra volume of production tends to increase the efficiency, i.e., to reduce the cost (paid by altruists and governments) of producing the pellets that do end up in the ground or in ocean trenches.
Evolution simply describes the macro process of death and birth as affected by the environment, no improvement planned. It could well be that a certain set of traits survive purely by chance or slightly improved odds in one set of circumstances that are detrimental later.
Could we engineer a more efficient photosynthesis?