Industries sponsor catalysis research for several reasons: 1. Innovation: Catalysts are pivotal in enhancing the efficiency of chemical reactions, leading to the development of new products and processes. 2. Cost Reduction: Improved catalytic processes can significantly reduce production costs by increasing yield and reducing waste. 3. Sustainability: Industries are under pressure to adopt environmentally friendly processes. Catalysis can help achieve green chemistry goals. 4. Competitive Edge: Sponsoring research can lead to proprietary technologies that offer a competitive advantage.
