THe "CO2 recirculation loop" is used to take the CO2 that did not dissolve and is now collecting at the top of the reactor back down to the pump output where it is mixed. The pump water will pull it along (trust me, it does). I think the connection acts as a venturi whether you design it to or not. The connection I think is just a PVC tube with the lines connected to it via John Guest quick connectors, isn't it?
I have a DIY reactor (different design, but same principles).
The CO2 in the top of the reactor is not restricted from flowing around the recirculation loop so it will freely zip along over and over again. The line from the CO2 TANK is regulated by your (surprise!) regulator...you can't pull CO2 from the regulator via a venturi or anything, the regulator will provide you with CO2 at the pressure you have set (based on the bubble count, if not the actual pressure setting!).
The "From Tank" line in your picture, I'm guessing is TANK WATER from the tank. Which you can use a gravity/siphon feed, or a small pump.
Basically, you are just mixing up the tank water and the fresh CO2 with the water and CO2 that are already in the reactor. The reason you need to also draw CO2 from the top of the reactor is that the bubbles of CO2 won't fully dissolve and will form a large bubble at the top of the reactor.
Some reactors are reversed, meaning the pumps water from top to bottom, instead of bottom to top.
V