Are there efforts to reduce the cost of expensive catalysts?
Yes, considerable research is underway to develop cost-effective alternatives. Strategies include the use of non-precious metal catalysts, alloy catalysts, and heterogeneous catalysts. Advances in nanotechnology have also enabled the design of catalysts with reduced precious metal content without compromising performance. Additionally, recycling and regeneration of catalysts are being explored to extend their usability and reduce overall costs.