LITTLE ROCK — NextLife Asset Recovery Services announced plans Tuesday to open a new headquarters and plastics processing facility in Rogers, a $10 million investment that will create 350 jobs.
The company said it would hire 340 workers for the processing facility and employ 10 in the corporate headquarters.
NextLife said its Rogers location would recycle post-consumer plastics into an environmentally sustainable resin that can be used to manufacture new consumer plastic items. The company said it had already secured agreements with several companies 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,” NextLife President and CEO Ron Whaley. “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 the company’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’ strong tradition in manufacturing,” Gov. Mike Beebe said in a release. “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 Enterprises LLC, headquartered in Boca Raton, Fla.
NextLife said its re-engineered sustainable resins can be customized for use in a wide variety of applications, including consumer products. 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, the company said.
Arkansas News Bureau business columnist Roby Brock contributed to this report.