Industrial symbiosis encourages the establishment of a broad eco-industrial network so that more synergy opportunities can be identified. By linking municipal solid waste management (MSWM) with local industries, i.e., urban symbiosis, new symbiotic opportunities can be generated from the geographic proximity of urban and industrial areas, transferring physical resources from urban refuse directly to industrial applications and improving the overall eco-efficiency of the city as a whole. Using a case study of Kawasaki, this paper simulates and evaluates an innovative waste management initiative in Kawasaki by an scenario simulation model based on the LCA approach. Results show that recycling mixed paper, mixed plastics, and organic wastes and utilizing the recycled materials in industrial production will potentially reduce about 69 kt CO2(e) emissions and 8 kt incineration ashes to be landfilled in 2015. To achieve these outcomes, the total additional cost compared with the current practice is about 1.2 billion JPY.