Business
Production commences at IO#7
Production commences at IO#7.
About this update from Iofina Plc
[{"type":"text","content":"\n \nRNS Number : 8061E Iofina PLC 14 February 2018 \n\n \n14 February 2018\nIofina plc\n(\"Iofina\", the \"Group\", or the \"Company\")\n(LSE AIM: IOF)\n \nProduction commences at new IOsorb® Iodine Production Plant IO#7\n \nIofina, specialists in the exploration and production of iodine and halogen-based specialty chemical derivatives, is pleased to announce the completion of construction and commencement of production at its IO#7 IOsorb® plant.\n \nThe site has undergone hydrostatic testing and evaluations of its systems and is currently processing iodine rich brine water. IO#7 repurposed many materials from IO#3 and has been completed within the Company's expected timeframe and budget. Iofina expects that the production from IO#7 will favourably impact the Group's overall iodine production output as well as lowering overall production costs. Over the next few weeks the team will be lining out the parameters of operations at IO#7 to maximise iodine output.\n \nA new image of IO#7 can be viewed on the Company's website www.iofina.com or by clicking the link below:\nhttp://www.rns-pdf.londonstockexchange.com/rns/8061E_-2018-2-13.pdf\n \nCommenting, President and CEO Dr. Tom Becker, stated: ''The start of production at IO#7 is a proud achievement for the Iofina team as it demonstrates the successful execution of our long term strategy - to increase iodine output whilst lowering production costs. Completing this project within time and budget further showcases the strength of the workforce at Iofina. Iodine prices continue to strengthen, and the Group is well placed to advance its position in the global iodine market. \" \n \n \n \nEnquiries:\n \nDr. Tom Becker, CEO & President\nIofina plc\nTel: +44 (0)20 3006 3135\n \nChristopher Raggett/Giles Rolls/Emily Morris\nfinnCap Ltd\nTel: +44 (0)20 7220 0500\n \nMedia Contact:\nCharles Goodwin/Harriet Jackson\nYellow Jersey \nTel: +44 (0)7544 275 882\n About Iofina:\nIofina specialises in the exploration and production of iodine, halogen based specialty chemical derivatives and produced water. Iofina's business strategy is to identify, develop, build, own and operate iodine extraction plants currently focused in North America, based on Iofina's WET® IOsorb® technology. Iofina has production opera...