Iofina PLC (AIM:IOF, OTC:IOFNF) has successfully commissioned its latest IOsorb plant, IO#10, in Oklahoma, marking a significant milestone for the iodine production company.
The facility has completed hydro-testing, and brine water is now circulating through its system. Iodine extraction is expected to begin in the coming days, with production gradually ramping up over the next few weeks.
This new plant is Iofina's seventh operating facility in Oklahoma, constructed with a new partner in a region known for high oil and gas activity. The IO#10 plant is expected to produce 100-150 metric tons of crystalline iodine annually, contributing substantially to the company's output through the year’s end.
CEO, Dr. Tom Becker, said: "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."