A new recycling and energy-from-waste plant in Corby will create 60 jobs as well as work for 200 people during its construction.
Building work on the plant in Gretton Brook Road will start later this year and once completed it will generate enough energy to power 18,000 homes.
The scheme represents an £80m investment for Drenl, the company behind the plant where up to 120,000 tonnes of commercial and industrial waste will be recycled each year from offices, factories, building sites and shops within a 30-mile radius of Corby.
Drenl chairman Jim Brathwaite said it is hoped the new plant will provide heat for the planned waste recovery park, proposed for a neighbouring site at Brookfield Plantation.
Corby councillors are to discuss the Brookfield Plantation scheme at a planning meeting on Tuesday.
Mr Brathwaite said: “We hope to provide heat to the resource recovery park planned next door. This site, with our guaranteed power and heat, should encourage the type of manufacturing and food processing companies that need energy to operate, which I know the owners are talking to.”