A ribbon-cutting ceremony is planned Monday in Duncan for a company that intends to expand to 100 workers within the year, according to the Duncan Area Economic Development Foundation.
Duncan Recycling and Refining, known locally as DR2 is relocating to a new building constructed by the Foundation at the Duncan North Industrial park, 1450 Boren Boulevard. The ceremony will be held at 1 p.m. and feature Lieutenant Governor Todd Lamb. DR2 invested more than $8 million in the building and originally planned to add 65 jobs to the workforce.
“The 21,875 square-foot building was a major part of the calculus for us in deciding to locate our business in Duncan,” said David Nichols, President of DR2. “Seeing our gorgeous building and equipment installed makes us even happier that we decided to choose Duncan, Oklahoma. There were many outside influences that encouraged us to locate outside of Oklahoma. Without the support of Lyle Roggow, President of Duncan Foundation, we would not be here today.”
DR2, founded by Nichols and two partners, Mark Spradling and Steve Threet, is a holistic platinum group metal recovery business that provides vertical integration of catalytic converter collection, recycling, smelting and refining. The waste from the converters that is not deemed valuable will be converted into an inert material called Plasmarok, which can be used as a building aggregate.
The company expects that within a year to employ 100 pepole with more growth on the horizon.
