The company will invest more than $10 million to build plant and headquarters location in Rogers, Ark.
NextLife Asset Recovery Services has announced plans to open a new headquarters and processing facility in Rogers, Ark. The company plans to invest more than $10 million and hire 350 employees at the processing facility. When operational, the company says the facility will recycle post-consumer plastics into resin that can be used to manufacture new consumer plastic products. According to a press release issued by the company, it has already secured agreements with several organizations to supply post-consumer plastic scrap to the facility.
"We are thrilled to be opening our third location and our second processing facility," says 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 will collect and sort the plastic scrap in what the company says 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 scrap into sustainable resin and the third phase will allow the company to establish joint ventures and manufacturing facilities with plastic goods manufacturers.
A spokesman for the Rogers Lowell Area Chamber of Commerce, which acted as the economic developer for the city, says that the company already is collecting and shipping plastics scrap to NextLife’s Frankfort, Ky., facility.
The building is around 200,000 square feet and is located in an industrial zone in Northwest Arkansas.
NextLife Asset Recovery Services is a fully-owned subsidiary of NextLife Enterprise, LLC, headquartered in Boca Raton, Fla.
NextLife says that the high performance re-engineered sustainable resins produced at the plant can be customized for use in a wide variety of applications, including consumer products and food packaging.