If the plans are approved, it would be the first distillery built in the centre of Glasgow for more than 100 years.
The building is situated between the Riverside Museum and Hydro Arena on the banks of the River Clyde.
The plans would involve a "pump house" building being used to house the distillery itself, with a bar, café, tasting rooms and retail outlet included.
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The ambitious project has been supported by Scottish Enterprise and developed by a group of industry experts, led by Tim Morrison, formerly of Morrison Bowmore Distillers.
Mr Morrison is quoted as saying: "Our vision for the new distillery and educational visitor centre is that it becomes a part of Glasgow's busy tourist trail - we anticipate it will attract more than 50,000 visitors each year.
"We've had a great deal of support for this project so far - from local businesses, the public sector and those within the industry, and we have taken the next important step in helping to make this project a reality by submitting a full planning application to Glasgow City Council for consideration."
Subject to planning approval, work on the first phase of the project would commence with immediate effect, with the aim to complete the second phase by mid-2015.
Up to 300 jobs could be supported during the building and construction phase.
(JP/IT)
