Iofina PLC IO#9 Iodine Plant Operating (6138C)
14 Junho 2023 - 3:00AM
UK Regulatory
TIDMIOF
RNS Number : 6138C
Iofina PLC
14 June 2023
14 June 2023
Iofina plc
("Iofina", the "Group", or the "Company")
(AIM:IOF)
IO#9 Iodine Plant Operating
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#9 IOsorb(R)
plant is operational. IO#9 has undergone hydrotesting and has begun
flowing brine water through the plant.
IO#9 is the Company's sixth plant now operating in Oklahoma,
constructed with a new partner and in a new core area with high oil
and gas drilling activity. Iofina expects a rapid payback on the
investment in the plant as production from IO#9 will favourably
impact the Group's overall production output , with the rates
expected to increase by 100MT-150MT of crystalline iodine per year.
IO#9 is currently flowing brine water through our system and will
shortly concentrate and isolate iodine, as the plant is set to ramp
up its production over the coming weeks.
Commenting, President and CEO Dr. Tom Becker, stated: We are
delighted to have IO#9 flowing brine water through our system, and
meeting our end of Q2 target for the start of production. The new
plant is on track to make a significant contribution to our total
crystalline Iodine production through the second half of the
year."
Enquiries:
Dr. Tom Becker
CEO & President
Iofina plc
Tel: +44 (0)20 3006 3135
Nomad & Broker:
Henry Fitzgerald-O'Connor/Patrick Dolaghan/Andrew Potts
Canaccord Genuity Limited
Tel: +44 (0)20 7523 8000
Financial Adviser:
Kingsley Wilson
Chrystal Capital Partners LLP
Tel: +44 (0)20 7850 4761
Media Contact:
Charles Goodwin/Shivantha Thambirajah/Jazmine Clemens
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(R) IOsorb(R) technology.
Iofina currently operates five producing IOsorb(R) 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 will be celebrating its 40(th)
anniversary in 2023 as a preeminent halogen-based specialty
chemicals company.
www.iofina.com
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END
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June 14, 2023 02:00 ET (06:00 GMT)
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