Nexus Fuels, virgin plastic waste company, continues its global expansion
Cushman & Wakefield announced that the commercial real estate services company has been retained by Nexus Fuels, an Atlanta-based virgin plastic waste company, for site selection services around the world as part of their expansion plans .
JT Faircloth and John Jackson of Cushman & Wakefield will oversee the initial national site selection process which will likely lead to other regions of the world where Nexus sites are being assessed.
“Site selection is an important part of the process of economically converting previously landfilled plastics into new plastics, which Nexus is doing with its global partners,” said Faircloth. “Proximity to labor, ports, railways and plastic raw materials weigh heavily on the decision-making process. We are delighted to be working with Nexus Fuels on this important expansion initiative to improve the environment. “
The company plans to buy or lease 12 or more locations by Q1 2022 in the United States, Europe and other parts of the world that Nexus customers are looking for. Nexus plans to be operational at these sites by 2023.
Since 2018, Nexus has operated a commercial-scale production facility in Atlanta, diverting more than 2.5 million pounds of waste and producing liquids that partners like Shell and Chevron Phillips convert into circular plastics through deals from long term supply.
Nexus is today the first company in the world producing on a commercial scale to receive the International Sustainability and Carbon-Plus (ISCC Plus) certification for the conversion of a wide range of previously landfilled plastic waste into products, which are then converted to virgin recycled content. circular plastics.