BUCKSKIN, Ind. (AP) – A recycling company that turns wood and other wastes into animal bedding, compost and mulch is moving ahead with plans to build a plant in southwestern Indiana.

The Gibson County Council has approved a five-year tax abatement incentive for Borden, Indiana-based Koetter-Smith Co.

The Princeton Daily Clarion reports the company will spend nearly $3 million to build a recycling plant on former Peabody Coal property near the community of Buckskin some 15 miles north of Evansville.

Koetter-Smith plans to hire five to eight people for that operation, where workers will recycle wood and other organic waste into mulch, compost and bedding for the horse and poultry industries.

Gibson County officials say the project will be the county's first industrial development in their Interstate 69 extension corridor.