International Isotopes Inc.

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Fluorine Extration Process

Economic Benefits

 

International Isotopes Inc. (INIS) has selected a site about 15 miles west of Hobbs, in Lea County, New Mexico for the construction of a depleted uranium hexafluoride (DUF6) de-conversion and Fluorine Extraction Process (FEP) facility.

Construction of the facility has been placed on an indefinite hold pending completion of a new contract for commercial de-conversion services. When the plant is resumed approximately 300 workers will be required to construct the plant, including cement masons, welders, electricians, metalworkers and other tradespeople.  INIS intends to hire qualified local companies and workers to participate in facility construction.

Once construction is completed a staff of approximately 130 to 150 employees will be required to operate the plant.  INIS is committed to hiring employees from the local workforce to the maximum extent possible, and providing most of the necessary training.

State and local governments will benefit from the facility through increased tax revenues.  Revenues will depend on several factors including facility throughput and specialty fluoride gas sales volumes and prices, but are expected to be in the range of $50 – $70 million per year.