<p>The CCUS Track-2 December 2023 Market Update set out government’s proposed Track-2 approach of an ‘anchor’ and ‘buildout’ phase; this embedded learnings from the CCUS Track-1 process. The Track-2 process aims to establish clusters at pace and provide a platform for flexibility and innovation in future phases, as well as to carry out transport and storage sizing.</p><p> </p><p>At ‘anchor’ phase, Acorn and Viking will be invited to submit plans for initial capture projects, as well as a provisional expansion plan for the ‘buildout’ phase. The format of the buildout rounds will be announced in due course and may be subject to factors including project pool maturity and progress against our Net Zero and Energy Security objectives.</p>