Waste Plastic-to-Resin Processor to Build $10 Million Plant in Arkansas

Date: October 17, 2012

Source: NextLife Asset Recovery

NextLife Asset Recovery, a company that recycles post-consumer plastics into resin, plans to invest more than $10 million in a new processing facility in Rogers, AR. The processing facility will employ 350 people at the location which will also serve as the company's new headquarters. NextLife Asset Recovery is a fully-owned subsidiary of NextLife Enterprise, LLC (Boca Raton, FL). The company says its resin can be customized for use in a wide variety of applications, including consumer products and food packaging and that it has a 70 percent lower carbon footprint than that of virgin resin, making it particularly appealing to manufacturers with sustainability goals.

October 17, 2012

NextLife Asset Recovery Services to open new facility and headquarters in Rogers, Arkansas

  • Company to invest more than $10 million, create up to 350 jobs

NextLife Asset Recovery Services today announced it will open a new headquarters and processing facility in Rogers, Arkansas. The company plans to invest more than $10 million and hire 350 at the processing facility in Rogers. NextLife's Rogers location will recycle post-consumer plastics into an environmentally sustainable resin that can be used to manufacture new consumer plastic products. The company has already secured agreements with several organizations to supply post-consumer plastic waste.

The processing facility and headquarters will be located in an existing building at 1300 North Dixieland Road.

"We are thrilled to be opening our third location and our second processing facility," said Ron Whaley, President and CEO of NextLife. "We are excited to bring green jobs to Arkansas. I want to thank both the State and Local officials who have made this day a reality."

NextLife's facility in Rogers will collect and sort the post-consumer plastic waste in what will be the first of three phases for NextLife's growth plans in Arkansas. The second phase will establish production lines to turn the plastic waste into sustainable resin, and the third phase will allow the company to establish joint ventures and manufacturing facilities with plastic goods manufacturers.

"NextLife brings together a growing clean-technology center with Arkansas's strong tradition in manufacturing," Governor Mike Beebe said. "By locating these jobs to Northwest Arkansas, NextLife is the latest company to send notice that this emerging field holds great promise for creating American jobs."

NextLife Asset Recovery Services is a fully-owned subsidiary of NextLife Enterprise, LLC, headquartered in Boca Raton, Fla.

"I couldn't be more excited to welcome NextLife to Rogers," said Rogers Mayor Greg Hines. "NextLife's highly innovative and environmentally sustainable mission is a welcome fit to the city, "where possible lives." Adding jobs in this highly competitive business climate is a big win for Rogers."

NextLife's high performance re-engineered sustainable resins can be customized for use in a wide variety of applications, including consumer products and food packaging. The carbon footprint of a NextLife resin is 70 percent less than that of a virgin resin, helping businesses create high-quality green products that are attractive to consumers.

For more information, please visit www.NextLife.com.

For more information, contact:
Jillian Conway, NextLife
Director of Sales
561-245-2614, Jillian.Conway@NextLife.com.

Raymond Burns, President/CEO
Rogers Lowell Area Chamber of Commerce
479-619-3199, rburns@rogerslowell.com.

Joe Holmes, Marketing and Communications Director
Arkansas Economic Development Commission
501-682-5154, jholmes@arkansasedc.com.

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