To manage the high costs associated with catalyst development, companies often adopt several strategies:
1. Collaborations and Partnerships: Many companies collaborate with academic institutions, research organizations, and other industry players to share knowledge, resources, and costs. 2. Government Funding and Grants: Governments often provide funding and grants to support innovative research in catalysis, reducing the financial burden on individual companies. 3. High-Throughput Screening: Advances in high-throughput screening technologies enable the rapid testing of numerous catalyst candidates, accelerating the discovery process and reducing costs. 4. Computational Chemistry: The use of computational tools and models allows researchers to predict the performance of catalysts before synthesizing them, saving both time and resources.
