Midland Pig Producers wants to develop a specialist 2,500 pig rearing facility at Foston.
The project, which aims to produce up to 1,000 a pigs a week for sale, could create up to 20 new jobs. If approval is gained, it could be running within 12 months.
Slurry from the unit would also be turned into electricity, which would be used to power nearby Foston Hall prison.
Midland Pig Producers chief executive Martin Barker commented: "We have designed an odourless, humane unit, for the animals. The slurry produced is mixed with household waste brought to us from landfill sites and bacteria are introduced to help produce methane gas, which can be turned into electricity.
"We have worked with animal welfare groups to draw up the plans to ensure the rearing unit is humane."
The plans will now be considered by South Derbyshire District Council.