NextLife Asset Recovery Services, a wholly-owned subsidiary of NextLife Enterprise is all set to open a new headquarters and processing facility in Rogers, Arkansas, US with an investment of more than $10m.
Post-consumer plastics will be recycled at the Rogers facility into an environmentally sustainable resin that can be used to manufacture new consumer plastic products.
In the initial phase, plastic waste will be collected and sorted by the facility and new production lines will be set up in the second phase to turn the plastic waste into sustainable resin, for which the carbon footprint is 70% less compared to a virgin resin.
In the third phase, the company will establish joint ventures and manufacturing facilities with plastic goods manufacturers.
NextLife’s re-engineered sustainable resins can be tailored for use in a variety of applications including consumer products and food packaging.