BH EnergyGap has submitted a planning application to develop a resource recovery and renewable energy plant in Walsall.
The site already benefits from a number of existing planning consents, which enable waste recycling and energy recovery to take place.
To be known as WandE, the facility will recover mixed recyclables and generate 19MW of energy from the remaining residual waste.
Up to 300,000 tonnes of residual commercial and industrial waste would be processed at the facility, which would be based in an industrial area.
BH Energy Gap partner Keith Riley said: “As the cost of waste disposal continues to rise, there is ever more pressure on businesses to ensure their waste is properly recycled and processed and not sent directly to landfill.
“However, there is a real shortage of facilities to support the local business community in delivering best practice waste management.”