Most of the ocean is desert lacking the limiting nutrients of nitrogen, phosphorous and iron. If we can cheaply fertilize large swathes of the ocean with these limiting nutrients in a controlled manner, then this could trigger massive algae blooms that on sinking sequester massive amounts of carbon.
It doesn't take an unreasonable amount of iron and the sequestering efficiency is 13k:1 C:Fe on a molar basis. https://en.wikipedia.org/wiki/Iron_fertilization
From that Wikipedia item,
"Each iron atom converted at least 13,000 carbon atoms into algae."