There are several key areas where capital investment is crucial in the field of catalysis:
1. Research and Development (R&D): This involves funding for the discovery of new catalysts, understanding reaction mechanisms, and optimizing existing catalytic processes. 2. Pilot Plant Construction: Building pilot plants to test and validate catalytic processes at a smaller scale before full-scale commercial deployment. 3. Commercial Plant Setup: Investing in the infrastructure and equipment necessary for large-scale production using catalytic processes. 4. Process Optimization: Continuous improvement of catalytic processes to enhance efficiency, yield, and selectivity. 5. Sustainability Initiatives: Developing catalysts that contribute to greener processes, such as reducing emissions, using renewable feedstocks, and recycling.
