Cost‐Responsive Optimization of Nickel Nanoparticle Synthesis

Abstract

AbstractEarly‐stage cost evaluation during catalyst development holds the potential to accelerate the commercialization and deployment of advanced catalytic materials for sustainable chemical processes. The modeling and assessment of manufacturing costs as early as the laboratory synthesis scale, for example, focusing on materials costs and synthesis performance metrics, can support the development of an experimental–economic feedback loop that enables rapid insight into cost drivers associated with catalyst synthesis and highlights areas that require focused research and development effort. Ultimately, this feedback loop supports the realization of an economic understanding of the overall synthetic process and highlights opportunities to reduce costs, serving as the foundation for the scale‐up of catalyst manufacturing. Herein, a case study is presented utilizing CatCost, a free and publicly available estimation tool for the evaluation of catalyst manufacturing costs, to perform a cost‐responsive optimization of the synthesis of nickel nanoparticles (Ni NPs). It is demonstrated that reagent substitutions with more cost‐effective analogs, coupled with stoichiometric optimization, afford a 58% reduction in raw materials cost without changing the product yield or properties.