13 September
2024
Iofina plc
("Iofina", the
"Group", or the "Company")
(AIM:
IOF)
IO#10 Iodine Plant
Commissioned
Iofina plc (AIM: IOF), specialists
in the exploration and production of iodine and manufacturers of
specialty chemical products, is pleased to announce that the
Company's IO#10 IOsorb® plant is now commissioned. The new plant is
undergoing hydro-testing and brine water is flowing through its
system. In the coming days,
in line with the planned project timings,
IO#10 will shortly begin concentrating and
isolating iodine, with production set to ramp up over the coming
weeks.
IO#10 is the Company's seventh plant currently
operating in Oklahoma, constructed with a new partner and in
Iofina's new core area where oil and gas drilling activity is high.
The new plant is expected to make a material contribution to
crystalline iodine production through the end of the year, with the
capacity to produce 100-150MT per annum.
Photo: IO#10 in
Oklahoma, USA
Commenting,
President and CEO, Dr. Tom Becker stated:
"IO#10 is
another major milestone in our growth plans. The new plant is set
to make a material contribution to Iofina's total crystalline
iodine production through the remainder of the year. We continue to
advance discussions with our chosen brine water partner for our
next plant, IO#11, and will make a further update on this
soon."
Enquiries:
Dr. Tom Becker
CEO & President
Iofina plc
Tel: +44 (0)20 3006 3135
Nomad & Broker:
Henry Fitzgerald-O'Connor/Harry
Rees
Canaccord Genuity Limited
Tel: +44 (0)20 7523 8000
Media Contact:
Charles Goodwin/Shivantha
Thambirajah/Zara McKinlay
Yellow Jersey PR Limited
Tel: +44 (0)7747 788 221/+44 (0)7983
521 488
About Iofina:
Iofina plc (AIM: IOF) is a
vertically integrated company that specialises in the
production of Iodine and the manufacturing of specialty chemical
products. Iofina is the second largest producer of iodine in North
America and operates the manufacturing entities Iofina Resources
and Iofina Chemical.
LEI: 213800QDMFYVRJYYTQ84
ISIN: GB00B2QL5C79
Iofina
Resources
Iofina Resources develops, builds,
owns, and operates iodine extraction plants using Iofina's WET®
IOsorb® technology. Iofina currently operates six producing IOsorb®
plants in Oklahoma and is consistently using technology and
innovation to improve and expand its operations.
Iofina
Chemical
Iofina Chemical has manufactured
high-quality halogen speciality chemicals derived from raw iodine,
as well as non-iodine-based products. Iofina Chemical
celebrated its 40th anniversary in 2023 as a
preeminent halogen-based specialty chemicals company.
www.iofina.com