Not true, the Chinese are investing in this project in Texas.
http://www.texascleanenergyproject.com
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"TCEP will be a 400MW power/poly-gen project that will also produce urea for the U.S. fertilizer market and capture 90 percent of its carbon dioxide (CO2) – approximately 2 million tons per year – which will be used for enhanced oil recovery (EOR) in the West Texas Permian Basin. "
The Saudis have a HUGE fertilizer business extracting urea from oil refining and capturing gas for repressurizing reserves... for decades.
They also desalinate sea water and create cheap electricity as a by-product.
The technology has been around for 4 decades.. it just takes money and the will to do it.