The location has been selected to make use of recycling company SITA UK's nearby energy-from-waste facility, a joint venture with Suffolk County Council that is currently being built.
SITA UK regional manager Cliff Matthews said only a large project could justify the expense of putting in the necessary heat pipeline, which is expected to cost £2m.
The company has collaborated with local farmers Michael Blakenham and Stephen Wright on the development, which could yield 7,500 tonnes of tomatoes a year. However, a planning application has yet to be submitted and a tenant grower is still to be found.
Blakenham explained: "It is early days and there are hurdles to overcome, but we hope to fill some of the gap in the market and at the same time bring much-needed jobs to the area."
Backers of the project, named Sterling Suffolk, hope that it will be in operation by December 2014, when the energy plant is due to open.