I think we will get updates on the GRONE project. Below is from the annual report.
On June 11, 2020, the Company has signed a Binding Purchase Agreement with Palladium Investments SA, of
Lugano, Switzerland to build the first GRONE plant in Saudi Arabia. The Company and Palladium Investments SA
have agreed the first GRONE will be completed and delivered to Palladium for commercial production on or before
January 1, 2021.
On June 28, 2020, the Company completed the development and are now finalizing the purchase agreement for the
deployment of several small GRONE plants. These GRONE plants are utilized for the recycling and management of
solid waste, plastic, used tires and exhausted oils.
A prototype of a 10-ton capacity for tires recycling plant has been constructed and is in operation in the Milano area
of Italy. This plant is under the direct supervision of Human Unitec International, Inc.’s GRONE technicians. The
investment cost of this plant is budgeted at approximately $2,000,000 USD and the plant shall generate an average
annual net income of approximately $1,800,000 USD.
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