IDE Technologies explained

IDE Technologies
Location:	Hamatechet Street, Hasharon Industrial Park, Kadima, Israel
Key People:	Asaf Bartfeld (Chairman) Avshalom Felber (CEO & President)
Industry:	water desalination
Owner:	Alpha Partners, Delek
Homepage:	ide-tech.com

IDE Technologies is an Israeli water desalination company.^[1]

History

The company was founded in 1965^[2] by Ukrainian-born engineer Alexander Zarchin.^[3] It is headquartered in the Hasharon Industrial Park in Kadima, Israel.^[1] Its chairman is Asaf Bartfeld,^[2] while its chief executive officer and president is Avshalom Felber.^[1]

In Israel, it has built desalination plants in Hadera, Ashkelon and Soreq.^{[4] [5]}

In 2013, it agreed to design the Carlsbad desalination plant in Carlsbad, California.^[6] It was expected to be completed by 2016,^[7] however, due to the continuing drought in California, plant completion was advanced to late 2015, and was eventually finished in December, 2015.^[8] Other projects under construction include plants in India,^[9] Chile, Venezuela and Mexico.^[10]

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.^[11]

Notes and References

1. https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=893256 Company Overview of IDE Technologies Ltd.
2. Web site: Delek Group: IDE Technologies . 2015-04-25 . https://web.archive.org/web/20150512161022/http://www.delek-group.com/holdings/energyinfrastructure/idetechnologies.aspx . 2015-05-12 . dead .
3. Web site: Israeli Inventions: Desalination and Drought. 19 April 2016.
4. Vita Bekker, Israelis soak up high cost of desalination, Financial Times, November 28, 2011
5. The Associated Press, Israel Solves Water Woes With Desalination, The New York Times, May 30, 2014
6. https://www.reuters.com/article/us-ide-technologies-desalination-idUSBRE90208L20130103 IDE Technologies to help build largest U.S. desalination plant
7. Reuters, Israel's IDE Technologies to help build largest U.S. desalination plant, Haaretz, January 7, 2013
8. [Carlsbad desalination plant]
9. Amy Kazmin, Chennai finds solution to water shortages, Financial Times, September 6, 2010
10. 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
11. News: 2020-03-15 . Delek Group brings forward sale of IDE stake . 2024-01-31 . Globes . en.