NextLife Asset Recovery Services will open a new recycling facility and headquarters in Rogers, Ark.
The subsidiary of Boca Raton, Fla.-based NextLife Enterprise LLC said it will invest more than $10 million for a recycling facility to process post-consumer plastic into an environmentally sustainable resin for new consumer plastic products. The company has agreements with several organizations to supply the post-consumer plastic waste, according to a news release.
NextLife will hire 350 employees with the new recycling facility. It will be NextLife’s third location and second processing facility.
The Rogers facility is the first phase of NextLife’s growth plans. Next it will establish production lines to turn the plastic waste into sustainable resin. Then the company will establish joint ventures and manufacturing facilities with plastic goods makers.
NextLife’s high-performance re-engineered sustainable resins can be customized for a range of applications, including consumer products and food packaging.