Despite the high initial costs, the long-term economic benefits of successful catalyst development can be substantial. Efficient catalysts can lead to:
- Increased Yield: Higher conversion rates and selectivity can result in significant cost savings. - Energy Efficiency: Catalysts that operate at lower temperatures or pressures can reduce energy consumption, leading to lower operational costs. - Environmental Impact: Catalysts that minimize waste and by-products can reduce the costs associated with waste treatment and disposal.
