Phoslock Environmental Technologies unlocks solutions
- The firm’s ethical and sustainable water treatment helps China to improve its water bodies
Country Business Reports interviews and articles by Discovery Reports www.discoveryreports.com
As China intensifies its environmental protection programmes, water pollution control remains one of the country’s critical battles. Seeking to build a “beautiful China, where the sky is blue, the land is green and the waters are clear”, Chinese leaders turn to environmental experts such as Phoslock Environmental Technologies (PET) for support.
Having treated more than 300 lakes and water bodies in Europe, the United States and Asia since it started in 2002, PET continues to unlock more effective and sustainable ways to curb pollution and to maintain healthy water environments in China and beyond. Without harming any plants or fish, the company uses the patented phosphorus locking technology Phoslock, zeolites and other volcanic materials to create wetland projects that help clean Beijing’s canals. Produced from modified bentonite clay, Phoslock has been proven to safely impede the growth of algae and restore water quality in ponds, lakes and reservoirs.
Using land as filter, PET mixes Phoslock, zeolites and other materials, and runs water through it to create clean lakes and rivers. Cities that used to have dirty or green water now enjoy open spaces, parks and picnic areas. The Australian water engineering and treatment expert is also analysing China’s black odorous water to ensure the country’s drinking sources are at par with international standards.
“China leads in terms of allocation of resources to fix the air, water and the ground,” says Laurence Freedman, chairman of PET. “We are helping China rejuvenate and fix the country’s water bodies through ethical and sustainable treatment solutions. We support initiatives that recreate the wetlands so that these marshes go back to being natural filtration systems.”
Set to launch a new filtration system this year that can treat running water efficiently while developing useful bacteria, PET continues to bolster its engineering capacity by developing new technologies and nurturing special relationships with local companies. Its growing team of specialists together with a solid balance sheet, a A$7 million (HK$39 million) to A$10 million forecast revenue after expenses, and continuing projects in China and worldwide uphold the company as an ideal investment spot.
“Our product works, and we are cleaning not just the water, but also the ground,” Freedman says. “We have established a company of worth, confidence and of extremely good management. The next stage will be to develop more products that can cope with various elements so we can take on bigger projects. We are open to mutually beneficial partnerships.”