industrial symbiosis theory

Industrial symbiosis theory is the practice where different industries collaborate to use each other's by-products, waste materials, or energy. This collaboration helps to reduce waste, save costs, and improve sustainability. For example, one company's waste can serve as raw material for another company, turning what would be discarded into valuable resources. By creating a network of interdependencies, industrial symbiosis promotes efficient resource use and minimizes environmental impact, contributing to a circular economy where materials are reused rather than thrown away. This approach fosters innovation and enhances the overall resilience of industries.