A preliminary assessment of industrial symbiosis in Sodankylä

Abstract

This study focuses on developing a possible architecture of planned industrial symbiosis in Sodankylä, Finland. The municipality of Sodankylä is considering the establishment of new businesses to boost the region's local economy. The preliminary assessment presented here evaluates some new markets, including combined heat and power plants, a biogas reactor, greenhouse farm, fish farm and several insect farms. These businesses should be able to fulfil the criteria of sustainability and circular economy. This study proposes an architecture where companies can quantify the value and the cost of material exchange. The combined life cycle cost and the net present value of symbiosis are estimated at €93 and €43 million respectively. The combined life cycle cost of waste management is calculated to be €6.40 million. The study's novelty is its projection of the quantified cost of bio-waste and recyclable waste of industries, highlighting the monetary value of industrial symbiosis where waste products can turn into industries' raw material. The value gained and cost reduced by such symbiosis is forecast at 14.65% and 6.8% respectively.