The Australian recycling firm has plans to convert plastics into fuel at a new industrial park which could create up to 140 jobs in the region.
The New South Wales-based FOY Group is hoping to build a plastic reprocessing facility in Flintshire.
The build would create at least 100 jobs during the two-year construction phase with an additional 40 jobs required to operate the plant after it opens.
The proposal is still in the pre-application stage with Atmos Consulting, acting on behalf of FOY Group, requesting a screening opinion from Flintshire Council for the £22m project.
A spokesperson for the Aussie firm said: “The proposed plastic reprocessing facility at Factory Road, Sandycroft Industrial Park, Flintshire is in the very early feasibility stages with a screening report having just been submitted to Flintshire County Council.
“The investment in the site and the construction of the facility will be £22 million over a 2-year period.
“FOY will provide upskill training to men and women from the surrounding areas to meet the operational needs of the reprocessing plant.
“The facility will offer up to 30 to 40 full-time positions, for plant operators, engineers and admin staff, and will use up to 100 local tradespersons during construction.”
The firm has said that the facility would also play a role in supporting recycling efforts in North Wales.
“The facility is relatively small but will result in the removal of 50 tonnes per day of plastic that would otherwise be disposed into landfill.
“The reprocessing facility will take the plastic from a neighbouring plastic recycler, so is ideally located.
“The technology has a 38% reduced carbon footprint when compared to conventional diesel, based on the use of 100% post-consumer plastic material as feedstock for diesel production and a 31% reduced carbon footprint when compared to conventional petrol.”
Until 2014, FOY Group’s main business revolved around the exploration of mineral sands in Papua New Guinea.
Volatile commodity prices and a lack of capital market interest saw the firm look to diversify into other markets.
In 2015 FOY purchased