Companies adopt various strategies to manage compliance costs:
Process Optimization: By optimizing catalytic processes, companies can reduce waste and improve efficiency, thereby lowering compliance costs. Investment in R&D: Investing in research and development can lead to the creation of more efficient and less costly catalytic processes. Collaboration with Regulators: Working closely with regulatory bodies can help companies better understand compliance requirements and find cost-effective solutions. Adopting Green Catalysis: Using environmentally friendly catalytic processes can not only reduce compliance costs but also enhance the company’s sustainability profile.