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IDE Technologies
Israeli company

IDE Technologies is an Israeli water desalination company.

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History

The company was founded in 19652 by Ukrainian-born engineer Alexander Zarchin.3 It is headquartered in the Hasharon Industrial Park in Kadima, Israel.4 Its chairman is Asaf Bartfeld,5 while its chief executive officer and president is Avshalom Felber.6

In Israel, it has built desalination plants in Hadera, Ashkelon and Soreq.78

In 2013, it agreed to design the Carlsbad desalination plant in Carlsbad, California.9 It was expected to be completed by 2016,10 however, due to the continuing drought in California, plant completion was advanced to late 2015, and was eventually finished in December, 2015.11 Other projects under construction include plants in India,12 Chile, Venezuela and Mexico.13

Ownership

IDE is jointly owned by Alfa Partners, a private strategic water fund controlled by Avshalom Felber, IDE Executive Chairman, and Amir Lang, former EVP of the Delek Group.14

References

  1. Company Overview of IDE Technologies Ltd., Bloomberg Business https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=893256 ↩

  2. "Delek Group: IDE Technologies". Archived from the original on 2015-05-12. Retrieved 2015-04-25. https://web.archive.org/web/20150512161022/http://www.delek-group.com/holdings/energyinfrastructure/idetechnologies.aspx ↩

  3. "Israeli Inventions: Desalination and Drought". 19 April 2016. https://www.jewishla.org/israeli-inventions-desalination-and-drought/ ↩

  4. Company Overview of IDE Technologies Ltd., Bloomberg Business https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=893256 ↩

  5. "Delek Group: IDE Technologies". Archived from the original on 2015-05-12. Retrieved 2015-04-25. https://web.archive.org/web/20150512161022/http://www.delek-group.com/holdings/energyinfrastructure/idetechnologies.aspx ↩

  6. Company Overview of IDE Technologies Ltd., Bloomberg Business https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=893256 ↩

  7. Vita Bekker, Israelis soak up high cost of desalination, Financial Times, November 28, 2011 https://www.ft.com/cms/s/0/9aacb8d8-0dd7-11e1-91e5-00144feabdc0.html#axzz3YMX7dPkm ↩

  8. The Associated Press, Israel Solves Water Woes With Desalination, The New York Times, May 30, 2014 https://www.nytimes.com/aponline/2014/05/30/world/middleeast/ap-ml-israel-water-woes.html?_r=0 ↩

  9. IDE Technologies to help build largest U.S. desalination plant, Reuters, January 3, 2013 https://www.reuters.com/article/us-ide-technologies-desalination-idUSBRE90208L20130103 ↩

  10. Reuters, Israel's IDE Technologies to help build largest U.S. desalination plant, Haaretz, January 7, 2013 http://www.haaretz.com/business/israel-s-ide-technologies-to-help-build-largest-u-s-desalination-plant-1.492444 ↩

  11. Carlsbad desalination plant /wiki/Carlsbad_desalination_plant ↩

  12. Amy Kazmin, Chennai finds solution to water shortages, Financial Times, September 6, 2010 https://www.ft.com/cms/s/0/eba9c49c-b9c8-11df-968f-00144feabdc0.html#axzz3YMX7dPkm ↩

  13. Yoram Gabison, Israel Chemicals puts desalination unit up for sale: IDE Technologies could fetch up to $1 billion as well as give the company access to Arab markets., Haaretz, November 12, 2014 http://www.haaretz.com/business/.premium-1.626157 ↩

  14. "Delek Group brings forward sale of IDE stake". Globes. 2020-03-15. Retrieved 2024-01-31. https://en.globes.co.il/en/article-delek-brings-forward-sale-of-ide-stake-1001321894 ↩