How does the choice of catalyst affect overall cost?
The choice of catalyst significantly impacts overall cost. Catalysts made from precious metals like platinum, palladium, or rhodium tend to be more expensive than those made from more abundant materials such as transition metals or metal oxides. However, precious metal catalysts often offer higher efficiency and selectivity, potentially reducing costs in the long term. The durability and lifespan of a catalyst also influence overall expenses, as more durable catalysts require less frequent replacement.
