It's hoped the facility will offset jobs losses from Bord na Móna in the area.
Plans for a new €40 million meat processing plant have been given the green light by Offaly County Council.
An application had first been filed by Banagher Chilling Limited last July, but a decision was delayed while an environmental impact study was carried out.
It's set to bring 250 jobs in construction, with a further 150 in the operation of the plant.
It's hoped the facility will offset job losses from Bord na Móna in West Offaly and open opportunities to the Asian market for beef farmers.
Independent Offaly councillor John Carroll says it's a welcome development for the region: