IDE to build $150m desalination plant in Australia

Israel-based IDE Technologies announced last week that it signed a deal to build a desalination plant worth over €100 million in Australia. IDE is a joint venture of Israel Corp.'s Israel Chemicals unit and the Delek Group.

IDE did not identify the company that it is building the desalination plant for, stating only that it is a "major industrial client." In January, Reuters reported that IDE won a tender to build a desalination plant worth more than $100 million as part of an iron-mining project in western Australia.

The 140,000 cubic meter per day facility, which will be based on reverse osmosis technology, is slated for completion in 2010.

"It establishes IDE's presence on the Australian continent, strengthens its worldwide deployment in line with the company's business strategy of global expansion and strengthens IDE's position as a world leader in the seawater desalination market," said Avshalom Felber, CEO of IDE.

The company said the project is one of the most complex in the world and one of the largest of its kind supplied by IDE to a foreign client. According to IDE, the quality of the feed water necessitates more precise and complex treatment than in similar installations elsewhere.

IDE said the Australian client will use the desalinated water for production processes and drinking water.

Established in 1965, IDE specializes in commercial applications of thermal and membrane technologies for desalinating and converting sea and brackish water for drinking and process water. The company has supplied more than 385 plants of different types and capacities in 40 countries, and said the plants produce more than 1.6 million cubic meters per day.

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IDE to build 3 desalination plants in Asia

IDE to build 3 desalination plants in Asia

Israel Desalination Enterprises (IDE) Technologies won a tender to build three desalination plants in Asia worth of a total of about $80 million, IDE said on Tuesday.

IDE, jointly owned by Israel Chemicals and the Delek Group, did not say where in Asia the plants will be built, but the statement said the projects should be completed by the end of 2009.

Each plant will be able to desalinise up to 24,000 cubic metres of water a day, IDE said.

Avshalom Felber, president and chief executive of IDE, said the project was meant to "widen the company internationally and strengthen IDE's status as a world leader in desalination."

In the past year, IDE has won tenders to build desalination plants in China and Australia.

In related news, the H2ID group, of which IDE is a member, said this week it has completed an agreement to receive 1.5 billion shekels ($450 million) in financing for a desalination plant in Israel from a consortium of foreign banks.

The desalination plant, to be built in the coastal town of Hadera, will provide 100 million cubic metres of drinking water a year at a cost of 2.56 shekels per cubic metre.

Israel already has another two desalination plants which produce a combined 130 million cubic metres.

National Infrastructure Minister Binyamin Ben-Eliezer said he will submit a plan to the government on Sunday to increase the annual amount of water desalinated to 750 million cubic metres.

Source: Reuters; Reuters

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IDE to build desalination plant in Australia

IDE to build desalination plant in Australia

According to an article in Reuters, Israel Desalination Enterprises Technologies (IDE) won a tender to build a desalination plant worth more than $100 million in western Australia, Israeli financial daily TheMarker reported on Sunday.

IDE, jointly owned by Israel Chemicals and the Delek Group, will build a plant capable of producing 50 million cubic metres of water annually as part of an iron-mining project in Pilbarra, the paper said.

IDE officials declined to comment.

The company in November postponed a planned initial public offering in London as a result of prevailing global market conditions. It had aimed to raise up to $200 million in global depositary shares.

Desalination company IDE set for IPO

Delek Group Ltd. (TASE: DLEKG) and Israel Chemicals Ltd. (TASE: CHIM) announced that they plan to float at least 25% of their joint venture IDE Technologies Ltd. on the London Stock Exchange. Sources tell Globes that IDE plans to raise up to $200 million at a company value of $500 million, before money.

IDE was founded in 1965. The company develops both thermal and seawater reverse osmosis desalination - the two prevailing technologies for seawater desalination, and is active in 40 countries, including China, India, Israel, Australia, Latin America, and the US. It has designed and built more than 370 facilities to date.