You're absolutely right - there is much more CO2 in the sky than what the global CO2 markets can absorb. For scale: the US CO2 market consumes ~64M tons per year of CO2 [1]. We need to be capturing at least 1B tons per year of CO2 to get to net-neutral [2].
Carbon capture for resale is only our first step — our "Tesla Roadster" if you will. It's the thing that gets us the capital to build the harder stuff. On a 10-year scale, our roadmap looks like this:
1. Capture CO2 for re-sale
2. Sequester CO2 using geologic storage and other techniques such as mineralization
3. Utilize CO2 via conversion to other useful products
Each step gets progressively harder, but has a progressively higher impact on reducing emissions than the one before. When we do our jobs well, we will have saturated the CO2 market with reclaimed CO2, developed multiple sequestration pathways and projects, and developed clean conversion pathways for CO2 utilization.
Carbon capture for resale is only our first step — our "Tesla Roadster" if you will. It's the thing that gets us the capital to build the harder stuff. On a 10-year scale, our roadmap looks like this:
1. Capture CO2 for re-sale 2. Sequester CO2 using geologic storage and other techniques such as mineralization 3. Utilize CO2 via conversion to other useful products
Each step gets progressively harder, but has a progressively higher impact on reducing emissions than the one before. When we do our jobs well, we will have saturated the CO2 market with reclaimed CO2, developed multiple sequestration pathways and projects, and developed clean conversion pathways for CO2 utilization.
[1]: https://www.iea.org/reports/putting-co2-to-use [2]: https://cdrprimer.org/read/chapter-1#sec-1-4