Wellhead Extraction TechnologyÂ®
The Wellhead Extraction Technology (WETÂ®) approach 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 WETÂ® units to producersâ€™ sites throughout North America, presenting a mid-stream option to third party producers and a new revenue source from their waste brine streams. Co-produced brine water from oil and gas production is the largest waste stream in North America. Thus turning in a cost to a cash flow.
The WETÂ® approach employs two different iodine extraction methods, depending on brine chemistry and temperature for optimal efficiency. This flexibility removes some of the operational issues experienced previously by adapting to the specific characteristics of each operatorâ€™s brine streams.
The first technology for cold brine streams is a chemical-based method using an anion exchange resin as an absorption media, to which the iodine anions are attracted. It can also be based on a â€œphysical systemâ€ that separates out iodine molecules in a physical trap using carbon. This method, which may require pre-filtration, has lower iodine yield efficiency.
The second method is called the WETÂ® IOsorbâ„¢ method; it is used on larger higher temperature brine streams which may include oil and other impurities.
Iofina larger WETÂ® IOsorbâ„¢ plants are capable of handling up to 30,000 barrels per day (bpd). The plants are built to ensure full redundancy, meaning production can be switched across to backup twin components to maintain 24/7 operation for lower down times and high iodine yield efficiency. The design of the larger WETÂ® IOsorbâ„¢ plants enables them to be shipped via five standard sea cargo containers that can be deployed through normal railways and roadways. Custom designed plants or multiple WETÂ® IOsorbâ„¢ plants can be used together in the event that a site produces more than a single unit can handle. The WETÂ® units are crucial to Iofinaâ€™s ability to extract third party brine streams from oil, gas and salt water disposal (SWD) producers in a rapid and highly cost effective manner that had not previously been available in the iodine industry.
Iofina compact mobile WETÂ® units are capable of production rates of up to 6,000 bbpd per unit. The mobile WETÂ® units are mounted in a standard trailer or skid mounted that can be rapidly deployed to locations using an articulated truck. Iofina has a series of patents pending relating to its technology for capturing iodine from iodine-rich brine from wells and converting it into a range of iodine molecules.
Our WETÂ® IOsorbâ„¢ plants are capable of producing between 50mt to over 450mt of iodine per annum each, depending on flow and iodine concentrations at these target locations. Locations with abnormally high concentrations will produce even more iodine than stated above.
Iofina has a series of patents and patents pending relating to its proprietary technology for capturing iodine from iodine-rich brine from wells and converting it into a range of iodine molecules. The Company believes it is important to capture this intellectual property to protect the Groupâ€™s interests and enhance the overall value of our technology.