Industrial symbiosis is an approach where different industries collaborate to exchange and utilize waste resources, creating a more circular and efficient industrial ecosystem. In industrial symbiosis, the waste or byproduct of one company becomes a valuable input for another, mimicking the symbiotic relationships found in nature.
Industrial Symbiosis fosters climate action by facilitating resource sharing and waste exchange among industries. By promoting synergies and circularity, this innovation reduces waste generation, conserves resources, and minimizes environmental impact. It optimizes resource utilization, lowers emissions, and contributes to a more sustainable industrial ecosystem.
Industrial symbiosis is being implemented in various industrial clusters around the world. For example, the Kalundborg Symbiosis in Denmark is a well-known example where companies exchange waste resources, such as steam, water, and fly ash, resulting in significant environmental and economic benefits.