Most attempts to store carbon in the ground use sedimentary rocks, which makes sense when you consider we know a lot about them. This is where you find oil, so drilling companies are well acquainted with such formations. However, carbon dioxide that you pump into sedimentary rocks won’t ever mineralize, it just sits there in gas pockets forever. That means it could be released one day, then all your hard work pumping it down there will be for naught. Volcanic basalt formations, on the other hand, can lock up carbon.
Remarkably, the carbon dioxide pumped into the Earth was processed into carbonate rock in just two years. That’s a few centuries at least ahead of schedule. This is thanks to a chemical reaction in the rocks that won’t happen in sedimentary deposits. The main drawback right now is the cost. The CarbFix system is more expensive, and it requires a substantial volume of water. Iceland is running a larger test right now. If that’s successful, the higher upfront cost might not be a deal breaker.