The Group’s WET? technology can quickly and efficiently be deployed to any location and adapt to variations in brine water streams. As a result, Iofina is able to deploy PODs to operational third party oil and gas wells throughout the country, presenting third party producers with a revenue source from waste brine streams.
Through partnering with Iofina, operators’ brine streams, which have historically been a cost base, can now be monetized and turned into a new revenue source which, in many instances, can completely alter the economics of existing operations and furthermore make other operations commercially viable for the first time. The recent decline in gas prices presents a strong economical case for extracting value from waste brine streams as a separate revenue source.