Calix Limited announced it has executed an MOU covering the development of a lime project for lime production, with CO 2 capture and multi-fuel options, with Tarmac. The production of lime currently emits roughly 1 tonne of CO 2 per 1 tonne of lime produced. Lime is used extensively in producing cement, glass, and pulp and paper. The UK Government became the first major economy to commit to net zero CO 2 by 2050 in June 2019 and is heavily supporting decarbonisation efforts through funding under the UK Department of Business, Energy and Industrial Strategy £1b Net Zero Innovation Portfolio. The MOU is binding on the parties with respect to confidentiality, commitment to completing a phase 1 feasibility study and subject to a successful study, commitment to completing a full phase 2 FEED, targeting second quarter of 2022 completion. Progression beyond this, if agreed, would see: construction targeting completion within approximately another 18 months, and commercial demonstration over a further two years, potentially on multiple fuel /energy options. including natural gas, hydrogen, and renewable electricity.