The group added its operations team had now taken control of IO#4 from the building contractor, with the tie-in to the well operator also complete and approved. The new plant is located near to the IO#2 and IO#3 plants, which are already in operation.
A fifth plant, IO#5, is on course to be completed in March. The start of production from both of the new facilities is dependent on final regulatory approval, with inspection expected to occur in mid-March.
Construction of a sixth plant, IO#6, is scheduled for completion in the second quarter of 2014.
“Production from IO#1-IO#3, shortly to be complemented by IO#4, together with anticipated production from IO5# and IO6#, further advances Iofina as a major player in the iodine market."
Iofina’s IOsorb technology extracts iodine from the brine taken from US onshore oil and gas fields.