ISE Chemicals Enters US Iodine Extraction Deal

TOKYO, Jun 26 (Pulse News Wire) – Ise Chemicals Corporation (4107.T) announced today that it had concluded an iodine extraction agreement with Woodward Iodine Corporation, its wholly-owned subsidiary based in Oklahoma, USA, and Select Water Solutions, Inc. The agreement was approved by the board of directors on June 23, 2026, and signed on June 25, 2026.

Under the agreement, Ise Chemicals acquires the rights to extract and commercialize iodine from oilfield produced water managed by Select Water Solutions. The initial term of the contract is ten years, extendable up to twenty years upon option exercise by Ise Chemicals. The company will bear all capital investment costs associated with the project. Target production capacity is set at approximately 3,000 MT annually by 2030.

Select Water Solutions, headquartered in Gainesville, Texas, provides water management and chemical solutions for the energy sector. Its recent financial performance shows a net income of $0.73 per share in fiscal 2023, $0.31 per share in fiscal 2024, and $0.21 per share in fiscal 2025. Following the signing of the agreement, Ise Chemicals plans to commence construction of a satellite plant in Texas and gradually expand production facilities across the United States. However, the company notes that future schedules and production volumes could vary due to factors such as permit acquisition, equipment installation, operational conditions, and market dynamics.