A TOOWOOMBA company is building an $80 million meat processing facility near Toowoomba to supply the export market.
FKG has submitted an application to Toowoomba Regional Council and hopes to have construction started early next year.
It will be constructed in the Witmack Industrial Park about 10km west of Toowoomba.
When completed in 2017, the meat processing plant will kill 10,000 head a week and employ 300 people.
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FKG group manager of property development Dallas Hunter said the new project was about diversifying the company's operations.
FKG is already the Darling Downs' biggest farming company with 27,000 acres of agricultural property near Cecil Plains.
"It's a very exciting project," Mr Hunter said.
"With the slowdown in the gas industry, we're hoping agriculture might fill the gap.
"We're spreading the company as wide as we can as part of our risk management and diversification."
Mr Hunter said the facility would be built with a commercial partner.
"We're going to build it and operate it with them," he said.
He said the opportunity was driven by overseas demand for Australian produce.
"It's about food security around the world and the demand that is creating," Mr Hunter said.
FKG's development application was submitted to Toowoomba Regional Council on Friday last week.
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