For sure. For example the exergy can be an evaluation parameter. If you have an area with a lot of factories,  preferably with the same tipology of products, you can use the exergy not used to produce more resources and more energy.

The mechanism is similar to the symbiosis of the natural ecosystem. 

 You can read the publication if you're interested. My case of studies was a big industrial area near a big natural ecosystem.  In that case the sustainability was being increased by reducing the loss of exergy in every factory and by increasing the complexity of natural ecosystem.

Industrial symbiosis is nothing a new concept. It is used in many countries to save on the cost of an industrial processes. This is the right way to sustain industrial (leading to economic growth of any region). There are plenty of Social science report and economics reports from various countries on this subject. 

Industrial symbiosis is a way towards achieving sustainability (or a higher degree of sustainability) in an industrial area, further examples are seen through 'infrastructure corridors'. For example a corridor containing multiple forms of infrastructure is defined between two industrial estates. This reduces duplication of corridors, land take and negative impacts on local landowners among other things. 

Industrial symbiosis is definitely a way towards sustainable development which will promote industrial ecology and integrated developments of industries. different types of industries can co exist within boundaries when the output from one industry serves as the input to the other industry. for example the output (ash) of a thermal power plant is a major raw material for the  cement industry.