INDUSTRY SYMBIOSIS – LITERATURE REVIEW AND SITUATION IN NORTH MACEDONIA

Aleksandar Erceg, Jovana Damoska Sekuloska and Vera Boškovska
Additional contact information
Aleksandar Erceg: Josip Juraj Strossmayer, University of Osijek, Faculty of Economics in Osijek, Croatia
Jovana Damoska Sekuloska: University of Information Science and Technology “St. Paul the Apostle” Ohrid
Vera Boškovska: University of Skopje, Republic of North Macedonia.

UTMS Journal of Economics, 2025, vol. 16, issue 1, 11-29

Abstract: Industrial symbiosis is a sub-area of industrial ecology and involves using waste or by-products from one actor as resources for another actor to achieve ecological and economic benefits. Industrial symbiosis is of central importance for the reuse of resources and the avoidance of waste. It is driven by opportunities for collaboration and synergies facilitated by geographical proximity (Chertow, 2000). In other words, industrial symbiosis is a link between industrial facilities or companies where the waste or by-products of one company become raw materials for another. Industrial symbiosis (IS) can reduce the amount of industrial waste and the need to recover raw materials from waste generated by one industry as raw materials for another. These relationships are driven by several factors, such as resource-saving economic benefits that meet environmental requirements, e.g., reducing greenhouse gas emissions, natural resource scarcity and reducing waste that would otherwise end up in landfills and incinerators. The IS concept uses symbiotic collaborations and business linkages to close the loop.

Keywords: Industry symbiosis; opportunities; barriers; North Macedonia (search for similar items in EconPapers)
JEL-codes: L65 O13 Q53 (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
https://utmsjoe.mk/files/Vol.16.No.1/2.INDUSTRY_SY ... _NORTH_MACEDONIA.pdf

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:utmsje:021618

Access Statistics for this article

UTMS Journal of Economics is currently edited by Prof. Ace Milenkovski, PhD

More articles in UTMS Journal of Economics from University of Tourism and Management, Skopje, Macedonia Contact information at EDIRC.
Bibliographic data for series maintained by Assistant Professor. Dejan Nakovski, PhD ().