Iofina PLC (AIM:IOF, OTC:IOFNF) CEO Dr Tom Becker spoke with Proactive's Stephen Gunnion about the company’s plans to grow iodine production, the expected contribution from its new IO#12 facility and opportunities for further expansion in the Permian Basin.
Becker outlined the importance of IO#12, which is expected to produce between 170 and 220 metric tonnes of crystalline iodine annually. That would represent around a fifth of Iofina’s total production, adding significant capacity as the company looks to increase output and improve financial performance.
The discussion also covered opportunities to build additional plants in the Permian Basin, where Iofina is exploring potential partnerships with existing and new brine suppliers.
Looking further ahead, Becker discussed the company’s ambition to reach annual production of 2,000 tonnes of iodine. He said Iofina was not expected to reach that level in 2027, but further plant development in 2028 and 2029 could help it move towards that target.
Watch the full interview to hear Becker discuss the company’s production plans and what comes next.
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