The document summarizes the World Bank's CCUS Trust Fund activities in Mexico. Phase I includes 4 tasks: 1) a prefeasibility study for a CO2 capture pilot plant at a power station, 2) assessing regulatory requirements to convert an oil field CO2 injection site to permanent storage, 3) establishing a legal framework for CCUS, and 4) developing a public engagement strategy. Phase II is proposed to include designing and operating the capture pilot plant, converting the oil field site to permanent storage, establishing a CCUS center, and implementing the regulatory framework. The document provides details on the objectives, status and timelines of activities under the World Bank's CCUS Trust Fund in Mexico.