IDE Targeting 6-8% Desalination Growth in Chile, Peru
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IDE Technologies Ltd. says a slowdown in mining investment won’t deter its plans to expand in Chile and Peru where governments are ordering mining companies to use desalinated seawater over freshwater supplies.
IDE, helping build the biggest desalination plant in the Western Hemisphere in Southern California, expects to capture business worth $1 billion from mining projects on Chile and Peru’s Pacific coast, Orlando Carreno, head of IDE business development in Latin America, said by phone from San Diego.