Peel Environmental has announced plans for a £70m complex in Notttinghamshire which would handle about 120,000 tonnes of non-hazardous waste each year and support 40 jobs.
The Energy Centre at Bilsthorpe Business Park is also expected to recover up to 23,000 tonnes of recyclable materials.
Peel Environmental is in partnership with Waste2Tricity to use plasma gasification technology to generate up to 10.2MW of electricity for export to the National Grid.
A planning application will be submitted to Nottinghamshire County Council later in the year.
Richard Barker, development manager at Peel Environmental, said: “Our plans for the Bilsthorpe Energy Centre would bring 40 new jobs to the village and deliver £70m of inward investment to the local area – boosting the local economy.
“The Bilsthorpe Energy Centre is part of a number of developments that Peel Environmental is bringing forward across the UK to help meet the country’s future energy needs.
“We look forward to speaking with those who live and work in Bilsthorpe and Eakring over the coming weeks to explain the proposals and take on board the views of the local community.”
Peel Environmental is bringing forward the project as part of joint venture with site owner Harworth Estates, the property arm of Coalfield Resources, in the former mining community.