Can we draw carbon out of the atmosphere to make this?
...for the purposes of scrubbing CO2 from the air? There's absolutely no reason we'd use this as the final product. Graphite or diamond would do the trick just as well, and either is cheap to make.
The practical reality is that each transformation step has imperfect yeilds and I would guess that the equipment required to do the molecule by molecule transformation in the last step would require significant energy to run.
So to attempt to this today, you would end up producing more CO2 into the atmosphere than you removed.