Global Low Carbon Transition: Major Growth Opportunities for Catalysts
Need for cost-effective, high-performance production processes towards achieving a circular economy drives strategic partnering
The role of catalysts in renewable energy generation, such as solar-to-energy, green hydrogen, power-to-X, and waste-to-fuel, is focused primarily towards increasing the efficiency rates while reducing heat loss. In solar energy generated through solar panels, catalysts help enhance the energy being absorbed and transported across the solar panels. In applications such as carbon/methane conversion and grey and blue hydrogen generation, catalysts optimize the conversion rate while reducing harmful by-product generation, such as methane or carbon monoxide.
Catalyst technology can help address the increasing demand for clean energy by boosting the efficiency of solar and wind energy. Moreover, technology developments focused on creating catalysts from recyclable or natural materials and/or making them bio-degradable can support the sustainability practices in various industries.
The use of catalyst in various processes can reduce the operating temperature, eventually decreasing energy consumption and providing stability, which reduces the risk of heat loss and the emission of harmful by-products in low-carbon applications. For many years, technology developers focused on delivering low cost and sustainable alternatives within catalysis processes for technologies such as carbon conversion, hydrogen generation, and solar energy to ensure a smooth low carbon transition.
Catalysts are available in 4 types, namely homogenous, heterogeneous, mixed, and biocatalysts. The first 2 catalysts are widely commercialized and already in use for low-carbon applications while the other 2 remain in the early stages of development and adoption.
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