Iofina plc (LSE:IOF) said it has signed agreements with an existing brine supply partner to develop two additional IOsorb iodine production plants in central Oklahoma.
The new facilities, designated IO#13 and IO#14, will be constructed concurrently and represent the company’s largest project in its core central Oklahoma operating area to date.
Groundwork is expected to begin shortly, with both plants preliminarily scheduled to commence operations before the end of the first half of 2027.
IO#12 Commissioning Expected This Month
The announcement follows progress on Iofina’s IO#12 plant, which is due to be commissioned by the end of the month.
The addition of IO#13 and IO#14 is expected by the company to increase its crystalline iodine production capacity as the new facilities enter operation.
Iofina said the concurrent construction programme is consistent with its production plans for the coming years.
Iofina Targets 2,000 Tonnes of Annual Production
The company is targeting annual iodine production of 2,000 metric tonnes as it expands its network of IOsorb facilities.
Through Iofina Resources, the group develops, constructs, owns and operates iodine extraction plants in Oklahoma using its WET IOsorb technology.
Iofina also operates Iofina Chemical, which manufactures halogen-based specialty chemicals using iodine and other raw materials.
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