The Eco-industrial Park Handbook defines EIPs as "An Eco-Industrial Park is a community of manufacturing and service businesses located together on a common property. Members seek enhanced environmental, economic, and social performance through collaboration in managing environmental and resource issues."
"Industrial symbiosis" is a related but more limited concept in which companies in a region collaborate to utilize each other's by-products and otherwise share resources. In Kalundborg, Denmark a symbiosis network links a 1500MW coal fired power plant with the community and other companies. Surplus heat from this power plant is used to heat 3500 local homes in addition to a nearby fish farm, whose sludge is then sold as a fertilizer. Steam from the power plant is sold to Novo Nordisk, a pharmaceutical and enzyme manufacturer, in addition to a Statoil plant. This reuse of heat reduces the amount thermal pollution discharged to a nearby fjord. Additionally, a by-product from the power plant's sulfur dioxide scrubber contains gypsum, which is sold to a wallboard manufacturer. Almost all of the manufacturer's gypsum needs are met this way, which reduces the amount of open-pit mining needed. Furthermore, fly ash and clinker from the power plant is utilized for road building and cement production.
The industrial symbiosis at Kalundborg was not created as a top-down initiative, but instead evolved gradually. As environmental regulations became stricter, firms were motivated reduce the cost of compliance, and turn their by-products into economic products.