Hatch and Slack cycle is present in C4 plants in which initial fixation of carbon dioxide (CO2) occurs in mesophyll cells phosphoenol pyruvate (PEP) is the primary acceptor of CO2 which combines to CO2 form four carbon compounds oxaloacetic acid as a result of carboxylation PEP+CO2+H2OPEPCarboxylaseOxalso−aceticacid