Saving the Baltic Sea – A Question of Business? : An Exploratory Case Study from a Business Model Perspective

Abstract: The Baltic Sea has for a long time had a problem with eutrophication. Historical phosphorus emissions from land, but nowadays the greatest source of eutrophication is the internal leakage of phosphorus from the bottom sediment. Both the European Union and Sweden has identified this problem and stated that the Baltic Sea should be saved, but only counteractive measures have been taken. Upstream work to limit the phosphorus emissions into the Baltic Sea will not solve the problem with eutrophication. The aim of this study has been to develop a business model that contributes to a reduction of the internal leakage of phosphorus in the Baltic Sea and at the same time makes it possible to make use of the resources that reside in the bottom sediment. The study has a deductive approach which consists of a literature review and semistructured interviews with stakeholders to the resources of the bottom sediment. The literature review creates a framework for the business model and the results from the interviews are used to define how the business model should meet the requirements of the stakeholders. The result indicates that there is an interest in circulated materials from the Baltic Sea, but there are challenges within price and politics that need to be faced. Circulated materials are often more expensive to produce than new materials due to the fact that the established methods have existed for a long time and have become cost-effective to stay competitive. Laws and regulations are not adjusted for a circular philosophy, which needs to be revised for the market to target circular solutions. The developed business model has a basis in the concept of the circular economy and focuses on utilising all the substances in the sediment as resources to meet the requirements of the market.