What are the Key Factors Affecting Economic Viability?
Several factors influence the economic viability of a catalytic process:
Catalyst Cost: The initial cost of the catalyst and its lifetime are critical. A more expensive catalyst that lasts longer can be more economically viable than a cheaper one that requires frequent replacement. Activity and Selectivity: Highly active and selective catalysts can minimize by-products and maximize yields, reducing waste and downstream processing costs. Process Conditions: Catalysts that operate efficiently under milder conditions can save energy and reduce equipment wear and tear. Reusability and Regeneration: Catalysts that can be reused or easily regenerated contribute to lower operational costs. Environmental Impact: Processes that reduce emissions and waste can benefit from regulatory incentives and avoid penalties, contributing to economic viability.
