BABCOCK International want to build a new industrial building at Rosyth Dockyard for the dismantling of old nuclear submarines.
If approved, and a planning application has gone into Fife Council, the metal waste disposal facility will go up at the corner of Wood Road and Caledonia Road.
Seven old nuclear subs have been laid up at the yard for decades, Dreadnought has been there since 1980, longer than it was in service, and last year councillors were told of a UK Government pledge to "de-nuclearise Rosyth" by 2035.
They were also informed of a world first in removing the most radioactive waste and the overall aim of cutting up the vessels and turning them into "tin cans and razor blades".
Blyth and Blyth, of Edinburgh, have been appointed by Babcock as civil and structural engineering consultants for the Rosyth Submarine Dismantling Project and are agents for the application.
The plans say the building would be around 200 square metres in size and the council are expected to make a decision next month.
In November, Gordon McAughey, head of internal assurance at Babcock Rosyth, told councillors: "Hopefully, by 2026, the skyline change at Rosyth will occur where the first boat will be gone, it will be tin cans and razor blades.
"It's a very challenging programme to build a facility to do all this work and to get all the permissions from regulators, but what I will say is we never compromise on safety for the sake of progress. We can't compromise on safety."
The Royal Navy submarines are nicknamed the 'silent service' and the Submarine Delivery Agency, part of the Ministry of Defence, is responsible for scrapping 27 of them - 21 of which are already decommissioned.
Seven are in long storage at Rosyth, the last one arrived in 1996, and 14 are at Devonport, Plymouth.
Work to dismantle the subs started at the yard in 2015 with around 52 tonnes of low level waste removed from Swiftsure.
With lessons learned they managed to then take out 77 tonnes from Resolution and 120 tonnes from Revenge.
The next part is something no other country has attempted before - taking out the reactor, the most radioactive part left in the sub, and the steam generators.
Christine Bruce, assistant head of nuclear liabilities at the Submarine Delivery Agency (SDA), had explained: "When we manage to cut it up by 2026 that will be a global first.
"No-one else will have cut up a nuclear submarine.
"Once that's out, the rest of the vessel will be non-radioactive, it's scrap metal and can be put into the final stage of disposal, which is recycling.
"There's lots of very valuable steel and other alloys in there, there's even some gold connectors!"
The UK Government has been heavily criticised for decades of inaction over the subs, and more importantly the nuclear waste they contain, especially as it costs £30 million a year to maintain and store the boats.
Dismantling all 27 is expected to cost more than £3 billion.
At the South and West Fife area committee last November, Ms Bruce conceded: "We started in 1998, I was part of it from the beginning, it's taken quite a long time to come up with the policy and for good reasons.
"There were no easy answers. If it had been easy we would have done it a long time before now."
Low level waste will be taken to a facility in Dorset, which should be completed by 2024.
The reactors are to be taken to Capenhurst in Cheshire and the metal sold to scrap merchants.
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