TETRA Technologies announced that its Board of Directors has conditionally approved the final investment decision for the development of its bromine production facility near Stamps, Arkansas, known as the Evergreen Project. The approval remains subject to the company securing financing for the project and represents a major step in TETRA’s strategy to become a vertically integrated bromine producer under its ONE TETRA 2030 plan.
The company said the project is designed to establish a long-term domestic source of elemental bromine, a key raw material used in deepwater completion fluids and energy storage electrolyte products. TETRA expects the investment to strengthen supply security, reduce dependence on third-party suppliers, and support growing demand for bromine-based products through the end of the decade.
According to the company, the global bromine market is valued at approximately $2.3 billion in 2026 and is projected to grow at a compound annual growth rate of 5.5% through 2033. Demand is being driven by electrification trends, deepwater energy development, and energy storage applications. TETRA noted that more than half of the world’s bromine supply currently originates in the Middle East, increasing the importance of secure domestic production.
TETRA owns mineral rights covering roughly 40,000 acres of brine leases in southwest Arkansas. The company reported that these holdings contain 744,000 tons of proven and probable bromine reserves within the Evergreen Unit, along with measured and indicated bromine resources totaling 3.57 million tons across its acreage. The company plans to use brine from the Evergreen Unit to supply the new facility, allowing it to maintain control over the project timeline while creating future opportunities to develop lithium and magnesium resources from the same infrastructure.
The company expects initial bromine production volumes from the facility to exceed the requirements of its long-term third-party supply agreement by approximately 25%. Over time, TETRA plans to increase output to reach the plant’s full nameplate capacity, reducing its reliance on external bromine suppliers and improving supply chain certainty.
TETRA estimates that its vertically integrated bromine business will generate a net present value of approximately $607 million using a 10% discount rate. The estimate includes roughly $220 million in remaining capital expenditures. The company plans to fund those investments over the next two years through a combination of cash flow from operations, credit facility borrowings, and other financing sources.
Construction is progressing in phases. Phase 1, which included site preparation, power infrastructure, and installation of the bromine tower, was completed in December 2025. Phase 2 is currently underway and includes major plant infrastructure and equipment. Mechanical completion is targeted by the end of 2026, with the facility expected to be operational by the end of 2027 and first production anticipated in early 2028.
The company said the project will help support anticipated bromine demand growth of more than 50% by 2030 while also creating infrastructure that could support future lithium and magnesium production initiatives as part of its broader critical minerals strategy.
KEY QUOTE:
“The Board’s approval of the final investment decision for our Arkansas bromine facility marks a major milestone in TETRA’s forty-five-year history. This investment will secure a long-term, low-cost domestic supply of elemental bromine – the critical feedstock for our deepwater completion fluids and TETRA energy storage electrolyte products. By becoming vertically integrated, we would achieve bromine costs consistent with a fully integrated solution and provide long-term U.S.-based supply security in a highly concentrated market. The Evergreen Project positions us to meet accelerating demand for these products through 2030 and beyond.”
Brady Murphy, President and Chief Executive Officer, TETRA Technologies
