"Others are working on this method. The landfills are expensive to dig, the geology is critically important, and we don’t believe the capacity to be as scalable or as permanent as injecting carbon-containing liquid into deep geological storage. The conversion of biomass into bio-oil via pyrolysis results in a liquid form with a higher carbon density, and is more easily handled, transported, and injected into existing wells."
Biomass can be pyrolized to produce flammable gas, charcoal/biochar, "wood vinegar", and a few other byproducts in a process that produces surplus energy. As long as you have biomass feedstock coming in, you can produce highly concentrated solid or liquid carbon on the far side and get energy out as power.
I'm not sure about bio-oil specifically, as it contains much more of the tar-like compounds. It's likely it contains benzene and other compounds. I found this in a cursory google search: https://www.nrel.gov/docs/fy07osti/37779.pdf