How Do Catalyst Material Costs Impact Overall Expenses?
Catalyst material costs can significantly impact overall expenses, particularly when precious metals are involved. The high cost of sourcing and purchasing these materials can drive up the initial investment. To mitigate this, industries often look for ways to improve the efficiency and longevity of catalysts, thereby reducing the frequency of replacement. Alternatives such as transition metal catalysts or biocatalysts are also explored for cost-effective solutions.
