Together, the research team developed a process to convert human waste into a thick, black liquid that looks like crude oil and behaves like it. Using fractional distillation, the team can then derive the fuel of interest, much like oil refineries do.

Based on the (almost no) data available here, this does seem likely to be a lot of steps and a lot of energy required just to turn the poop into the substitute for crude oil, and then do all the standard further refining of that into jet fuel. I’d be very dubious about the actual real-world value until some magical further data is shared, because this innovation surely won’t help anyone if the fuel it makes is more expensive than regular jet fuel.