The proposed £120m development will be located on Greenbank Crescent at East Tullos.
The derelict industrial site is identified as a waste management site in the proposed Aberdeen Local Development Plan.
The facility would process non-recyclable municipal waste from the council along with neighbouring local authorities, Aberdeenshire and Moray, subject to a legal agreement between the three councils.
The EfW plant would also generate heat and power, essentially developing a waste-fuelled power station to provide secure, low-cost energy to households, businesses and council facilities.
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The developments capacity is approximately 150,000 tonnes of waste a year.
In addition, the new plant would help the region meet national recycling targets.
The Scottish Government is aiming for 70% of waste to be recycled by 2025, with less than 5% going to landfill.
Aberdeen City Council's Waste Strategy aims for the city to be zero waste by 2025.
Cll Jean Morrison, Convener of the council's Zero Waste Sub-Committee, said: "This plant would allow the city to benefit from heat and power produced from non-recyclable waste.
"These benefits would include the alleviation of fuel poverty and a reduction in landfill costs.
"Most of the waste in this region is currently going to landfill, which is unsustainable in environmental terms and does not allow for the recovery of any value from the waste collected."
A public consultation event is planned for November 2015 and the planning application is expected to be made in early 2016.
(LM/CD)
