Waste-to-virgin plastics company Nexus Fuels pursuing global expansion
Cushman & Wakefield has announced that the commercial real estate services firm has been retained by Nexus Fuels, an Atlanta-based waste to virgin plastics company, for site selection services across the globe as part of their expansion plans.
JT Faircloth and John Jackson of Cushman & Wakefield will oversee initial national site selection process which will likely lead to other parts of the world where Nexus sites are being evaluated.
"Site selection is an important part of the process to economically convert previously landfill bound plastics into new plastics which Nexus does along with their global partners," Faircloth said. "Proximity to labor, ports, rail, and plastics feedstock all weigh heavily in the decision-making process. We are excited to work with Nexus Fuels on this important expansion initiative to improve the environment."
The company plans to purchase or lease 12 locations or more by first quarter of 2022 in the United States, Europe and other parts of the world which Nexus customers are seeking. Nexus plans to be operational at these locations by 2023.
Since 2018, Nexus has been operating a commercial-scale production plant in Atlanta, diverting over 2.5 million pounds of waste and producing liquids that partners like Shell and Chevron Phillips convert into circular plastics through long-term supply agreements.
Nexus is the first company in the world producing at commercial scale today to receive International Sustainability and Carbon-Plus (ISCC Plus) Certification for converting a broad range of previously landfill-bound plastic waste into products, which are then converted into virgin recycled-content circular plastics.