Iofina plc (LSE:IOF) has entered into a partnership with Western Midstream Partners to construct a new IOsorb® facility in the Permian Basin. The plant will employ Iofina’s WET IOsorb® technology to recover iodine from produced water and is slated to begin operations in the second half of 2026. Once online, it will double the company’s brine-processing capacity to 50,000 barrels per day, making it Iofina’s largest-producing site. Collaborating with Western Midstream — a major player in produced water infrastructure — represents a strategic step in scaling Iofina’s production base and strengthening its foothold in one of the most important oil-producing regions in the United States.
Iofina’s outlook reflects a sound financial foundation and a valuation that appears broadly reasonable. Still, bearish technical signals and narrowing profitability margins pose challenges that the company will need to address to improve investor sentiment and share performance.
More about Iofina plc
Iofina plc is a fully integrated iodine producer and specialty chemical manufacturer, operating as North America’s second-largest iodine supplier. Its subsidiary Iofina Resources develops and runs iodine extraction plants using proprietary WET IOsorb® technology, while Iofina Chemical manufactures a range of halogen-based specialty chemicals for global customers.
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