Accelerated Tanks and Trailers, a division of a Carmel-based company, plans to open a Fort Wayne manufacturing plant that could bring about 300 new jobs to northeast Indiana by 2016.

The division of Carmel-based C&J Services and Supplies Inc. said it will spend more than $4 million to lease and equip 100,000 square feet of space in an existing Fort Wayne building that it will upgrade by 2015.

The company says it will make mobile steel storage tanks and trailers used for oil and gas, environmental cleanup, construction and industrial applications, the News-Sentinel reported.

Accelerated Tanks says it has developed an environmentally-friendly, patent-pending design to insulate steel tanks.

Hiring has already started at average annual wages of $48,000.

The company has been approved for $2.55 million in conditional tax credits and job-training funds from the Indiana Economic Development Corp. The city of Fort Wayne will consider additional tax breaks.