Belkorp Environmental Services Inc. said it will spend about $30 million to develop a 260,000 metric ton material recovery and recycling facility in Coquitlam, British Columbia.

The Vancouver-based Belkorp said in a news release said the project now is pending license approval from Metro Vancouver.

The material recovery facility (MRF) will have the capacity to handle about 26 percent of Metro Vancouver's municipal solid waste.

The MRF will create up to 80 jobs and ensure that more than 80 percent of customers’ unsorted waste is diverted from disposal.

Belkorp expects the facility will be operational within two years following receipt of a license from Metro Vancouver.

Belkorp also is examining potential opportunities to build another MRF in the Fraser Valley Regional District.

"This is an exciting project for our company and reflects Belkorp's long-term commitment to sustainable waste management in British Columbia," said Russ Black, vice president, corporate development, for Belkorp.