MULBERRY, Fla. (WFLA) — A groundbreaking ceremony will be held for a new clean hydrogen and carbon plant Tuesday morning.

The plant will be built on 10-acres of land off Old Highway 37 in Mulberry by Korea-based LowCarbon Hydrogen Corporation.

According to a release, the event symbolizes the collaboration between LowCarbon, Florida-based Ocean Green Hydrogen and the Florida State Government to develop a clean hydrogen hub project.

The release states it’s the first plant of its kind in the region.

“I am thrilled to witness the groundbreaking ceremony of the Mulberry Clean Hydrogen plant in our own back yard,” Commissioner Ken Hagan said in the release. “This project not only contributes to our environmental well-being but also [generates] economic opportunities for our region.”

The company expects to invest more than $100 million in development of the facility and 150 on-site jobs paying annually more than $60,000, according to the release.