There are several key reasons why long term contracts are critical in catalysis:
1. Supply Stability: Catalysts are crucial for many industrial processes. A long term contract guarantees a stable supply, minimizing disruptions in production.
2. Cost Predictability: These contracts often lock in prices, providing financial predictability and helping companies manage budgeting and cost control.
3. Investment Security: For suppliers, long term contracts justify the investment in research and development, production facilities, and quality control, ensuring they can meet long-term demand.
