Electrolysis is one of the most promising paths to CO2 utilization - not just collecting and burying CO2, but using it.
With a feed of CO2 plus electricity, you can make a number of chemicals. Some companies look to make fuels - but there's plenty of other chemicals that can be made this way. Fuels are attractive, but also borderline thermodynamically impossible to make profitable vs petrochemical fuels, unless energy is free. Even still, SAFs (sustainable aviation fuels) and other green-washed products can be profitable here. There's also a few use cases for being able to generate fuel in remote places (space, at sea, military applications, national security in case of pipeline blockade)
China is pushing so much power production via renewables that the idea of 'free' power is becoming more and more of a reality. I don't think using this for fuel makes a lot of sense but we use oil for a lot of things other than fuels. With enough investment in renewables to create huge amounts of excess power we can potentially use this to replace a lot of the non fuel uses of oil. Factories in the desert that produce their own raw materials from the air using the solar and wind right next to them is the dream here.
We could choose to redefine profitable -- taxing authority exists in much of the world. Make synthetic fuels that demonstrably generate themselves via solar or wind tax free. Impose taxes on fuels that come from the ground.
We're producing an unbelievable amount of solar energy right now, and that amount is skyrocketing. Especially in China, who seems at the front of a shift toward renewables.