From the sounds of the completion they are using two streams for the competition. One is from coal and one is from natural gas. I hope its only so they can have a vast source for the number of teams during the competition.
Other wise you might as well just find a way to combust/extract its energy, it down only to a useful chemical say C2H4 for plastic production.
Cause yeah if not your wasting time and energy combusting to a lower energy state which you have to build back up to.
Both of the ways that I have been thinking about extract it out of water one as CaCO3 and one with CaO--> CaCO3.
That way you can do it anywhere you want. Just have to make sure you have a proper amount of CO2 being introduced into the system to keep the equilibrium equations happy.