Sulfuric acid is banned as an ingredient in the manufacture of explosives. The amount seized is enough to help manufacture 3 tons of explosives.
The acid was apparently discovered at Israel's Nitzana border crossing with Egypt, where goods from Egypt to Gaza go before going through the Kerem Shalom crossing. (Arutz-7's English report says it was caught in the Ashdod port on the way to the "Nitzanim" crossing to Gaza, which doesn't exist.)
The 15 tons of sulfuric acid, at 90% concentration, was apparently hidden in a much larger shipment of 30 tons of paint thinner.
Sulfuric acid is allowed into the West Bank.