Unlocking the Potential of Industrial Symbiosis: Strategies for Sustainable Project Development

The article discusses the development and financing challenges for Industrial Symbiosis (IS) projects, which are part of the sustainable industrial practices aimed at improving resource efficiency and fostering a circular economy. The European Union has recognized IS's potential, incorporating it into its sustainability objectives. A significant hurdle for IS projects is acquiring financial support due to perceived risks and complexity. To counter these challenges, the CORALIS project offers guidelines for securing funds and implementing IS projects. These guidelines propose a structured process including the identification of appropriate funding sources, risk mitigation strategies, and improving stakeholder communication and relationships. The article underscores the promising future of IS, the emergence of new financial mechanisms, and the role of digital advancements in enhancing project transparency. It outlines the influence of IS on career prospects and emphasizes the importance of knowledge-sharing and collaborative efforts to progress in the IS domain. The report by CORALIS provides detailed instructions for engaging with funding schemes for IS project development.