The City of Ballarat has signed an agreement to explore the construction of a $300 million waste to energy plant in Ballarat.
The Waste to Energy Heads of Agreement is with global firm Malayasian Resources Corporation Berhad (MRCB), and allows for a due diligence study leading to a business case for the facility in the Ballarat West Employment Zone.
MRCB's technology partner Babcock and Wilcox Volund has produced plants in the US, China, Sweden and Denmark.
The City of Ballarat says the Victorian-first plant would turn 60 per cent of the city's waste into an energy source for industry, reducing carbon emissions and decreasing landfill.
It is expected to create 420 jobs during construction and 120 ongoing jobs.