A new plastics recycling plant is to open in Littleton, Co Tipperary on the site of a former briquette factory.
This brown to green success story will see the creation of 40 new jobs.
The peat briquette factory closed last year, and the new facility will process 24,000 tonnes of plastic waste.
The process at Littleton involves a new technology in Ireland for the recycling of used plastic films, that currently either end up in landfill or that are shipped from Ireland to non-EU countries.
It involves processing and cleaning the waste plastic material, which is then shredded and granulated into plastic pellets.
These pellets are then reused in the manufacture of bags, wrapping, boxes, etc.
Bord na Móna is partnering with Sabrina Integrated Services (SIS), who will operate the new plant.
Environment Minister Richard Bruton says: "This new plastics recycling plant in Littleton Co Tipperary is a great example of how Bord Na Móna is adapting to a decarbonised world.
"By transforming their business and transitioning away from the fossil fuel industry, they are building a resilient, sustainable future for the company and secure employment for the Midlands region for years to come."
The CEO of Sabrina Integrated Services, Sherman Ma, adds: "We are delighted to establish this facility in Ireland that will provide a sustainable outlet for plastics which were previously transported out of the country or buried in landfill here.
"We are pleased to be providing new employment and this new opportunity in the circular economy here in Ireland.
"I particularly want to thank Tipperary County Council, the local community, Irish Farm Films and the Bord na Móna team for all their assistance in making this happen."