The development of new catalysts involves several steps: 1. Screening: Initial screening of various materials to identify potential catalysts. 2. Characterization: Using techniques like NMR, X-ray diffraction, and electron microscopy to understand the structure and properties of the catalysts. 3. Testing: Evaluating the performance of the catalysts in specific reactions. 4. Optimization: Fine-tuning the catalyst composition and reaction conditions for maximum efficiency.