Phoslock Environmental Technologies Limited (ASX: PET) announced that PET China is going to start its work on a new project area Lake Dianchi and its catchment in the early 2020. This lake is one of the important lakes in China and largest amongst the nine Yunnan alpine lakes. The Dianchi Lake Catchment Area spreads in the area of 2,920 km² along with Lake Dianchi with area 330 km².
PET China will be using 3,300 tons to Phoslock® to Xingyun’s river channels as well as wetlands and this stage is expected to complete by the end of 2019.
At AEST 1:09 PM, PET shares are trading at $0.795, up 6% as compared to its previous close.