Industrial symbiosis as an element of sustainable development of arctic companies

Abstract

Economic activity in the Arctic is playing an increasingly important role in the globalizing economy, given that such an economy is largely based on natural resources (oil, gas and minerals) as well as the long-distance transport of these resources and related goods. The Arctic seems to be one of the last opportunities to exploit vast resources, which, ironically, made it possible by the negative effects of this very exploitation in the form of global warming and the subsequent retreat of the ice cover of the circumpolar North. Thus, the Arctic has already become and will continue to be part of economic globalization. The article gives an analysis of the dynamics of the «Polar Index of the Barents region. Companies». The need to include the main elements of industrial safety in the sustainable development of the Arctic has been justified, as well as the establishment of industrial symbiotic cooperation rating based on it. Industrial symbiosis is an economically efficient and environmentally friendly solution for industry that reduces energy consumption and primary material consumption by deriving value from waste, byproducts and heat losses.