How is this mystery chemical reducing carbon emissions?
With reference to the discussion in the question comments, this product does not appear to appreciably reduce carbon emissions in total. It does however appear to reduce carbon monoxide emissions. As carbon monoxide is a product of incomplete combustion, it is plausible that the additive is helping the fuel burn more completely. Broadly speaking, you would hope that the majority of the carbon in your exhaust gas would come out as carbon dioxide, which is 'merely' a greenhouse gas and not truly nasty like CO or PAHs. Prior to the advent of catalytic converters, carbon monoxide poisoning by vehicle exhaust was a much greater risk.

It should be noted that conservation of mass tells us some powerful things about what to expect from an engine - namely that the carbon that goes in to the engine as a component of fuel must come out as exhaust gasses, particulates, polycyclic aromatic hydrocarbons etc., or else be sequestered inside the engine (though the latter is achievable by putting a banana into the exhaust pipe, it is generally done as a prank).

Reduction of carbon emissions in general is achieved through obtaining more work per mass of fuel burnt, which, when coupled with the mass and other design features of the car confers the fuel efficiency. Unfortunately, the data provided don't tell us anything about that. The more complete burning of the fuel, evinced by the reduction of CO concentration in the exhaust gas does imply some increase in efficiency, however CO is a very small component of exhaust gas, indicating alongside the low concentration of unburnt hydrocarbons that the fuel is already burning virtually to completion.

Without knowing the specific claims made by the manufacturer of the additive, I will not make any judgment of good or bad faith, however my distilled conclusions are:


The product does not dramatically impact total carbon emissions
The product appears to appreciably reduce carbon monoxide emissions