Industrial Ecology

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Industrial Ecology

Abstract
This report discusses the industrial ecology and its vision which can be used in the present field of industries to improve environmental future. Industrial ecology works on the basic concept that consumption of energy and materials is optimised, waste material minimised and where the waste for one industry becomes raw material for another industry. After defining the industrial ecology in brief this project report explains successful implementation of industrial ecology in two projects as examples. The first example is of Kalundborg in Denmark where five partners come together to unknowingly formed a beneficial industrial ecology system. The key motivation at start of this project was the traditional business goal to reduce wastes by seeking profitable uses for them. Gradually, the managers and town residents realized they were generating powerful environmental benefits through their transactions. The second example is for the forest industry industrial ecosystem constructed from the analysis of the flow of matter (biomass), nutrients, energy and carbon in regards to the national forest industry of Finland. After explaining the examples, this report goes on to explain one of the industrial areas in Western Australia named as Kwinana Industrial Area where the relationship between industries and the local community is strengthened by a shared environment and a desire to be good neighbours. Effectively balancing the needs of the community, industry and the environment makes Kwinana unique in the metropolitan area. The report proceeds to discuss the economic development in Newcastle which is one of the major city in NSW, Australia. It also compares the industrial growth of Newcastle with Kwinana in WA along with suggestions to improve the environmental future of Newcastle. At the end, this report discusses the Global Financial Crisis (GFC) of 2008-2009 and the European Sovereign Debt Act followed with Australian economic stand during that time period. During the GFC, Australian economy had shown gradual positive growth which shows minimum effects of global economic crisis. The report also tells about Mineral Resource Tax and Carbon Tax in detail. The report also highlights how raw material industries play a major role in the present and future economic growth of Australia.

CHEE6510 - Project Management, Innovation & Entrepreneurship

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Industrial Ecology
Contents

Abstract ...................................................................................................................................... 1 1. Industrial Ecology – A New Manufacturing Paradigm ........................................................... 3 1.1 1.2 Kalundborg: an industrial ecosystem in Denmark ...................................................... 4 Forest industry industrial ecosystem: Finland ............................................................ 6

2. Kwinana Industrial Area ......................................................................................................... 8 2.1 KIA supporting Industrial Ecology .................................................................................... 9 3. The Hunter Region – Newcastle .......................................................................................... 10 4. Australia’s Industrial Activities & Economy ......................................................................... 13 4.1. Global Financial Crisis & European Sovereign Debt Crisis ............................................ 13 4.1.1 Minerals Resource Rent Tax .................................................................................... 14 5. Conclusion ............................................................................................................................ 16 Bibliography ............................................................................................................................. 17

CHEE6510 - Project Management,...
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