from the February 2008 issue

IDE to build desalination plant in Australia

Desalination Enterprises Technologies (IDE) won a tender to build a desalination plant worth more than $100 million in western Australia.

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

Reprinted from the Israel High-Tech & Investment Report February 2008

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