Nanostellar are developing patent pending technology that will reduce the requirement for platinum group metals for conventional catalytic processes.
The technology replaces the expansive platinum group metals with less costly materials to creates nanoparticles that reduce the catalyst cost by 30-70%.
With the global market for platinum group metals for catalyst use amounting to $10-12 billion, Nanostellar hope to be in the position of launching a multi-billion dollar product in 2005.
Nanostellar currently has patents covering design and rapid fabrication of efficient and low cost nano catalysts. Potential applications areas include petrol engines, diesel engines, fuel cell proton exchange membranes and catalysts for the chemical industry.
For more information on catalysts, click here.
Posted May 17th, 2004
