diff --git a/ElmAsset.js b/ElmAsset.js
index e9790c8..07eac82 100644
--- a/ElmAsset.js
+++ b/ElmAsset.js
@@ -8,6 +8,10 @@ class ElmAsset extends JSAsset {
   getParserOptions() {
     const defaultOptions = {
       cwd: process.cwd(),
+
+      // Optimize assets if NODE_ENV is set to production
+      optimize: (process.env.NODE_ENV === 'production')
+
     };
     return defaultOptions;
   }
diff --git a/package.json b/package.json
index dcf7e5a..490d0fb 100644
--- a/package.json
+++ b/package.json
@@ -14,7 +14,7 @@
   "license": "ISC",
   "dependencies": {
     "find-elm-dependencies": "^2.0.0",
-    "node-elm-compiler": "^5.0.0",
+    "node-elm-compiler": "^5.0.1",
     "parcel-bundler": "^1.9.7"
   },
   "devDependencies": {