commercialization of chemical reaction is the development of
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Commercialization is the process of bringing new products or services to market. The broader act of commercialization entails production, distribution, marketing, sales, customer support, and other key functions critical to achieving the commercial success of the new product or service.
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Commercialization of chemical reactions is the development of large-scale industrial production of useful chemicals that are the products of the chemical reaction.
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- Commercialization is the introduction and marketing of a new product or a cheaper alternative to produce it in larger amounts.
- Before commercializing a chemical reaction that produces a chemical of interest, there are many factors to consider.
- One of the major factors will be the demand and the market value of the chemical product. The new chemical reaction to be commercialized has to be cheaper and compatible to produce large quantities of product. The raw materials for this chemical reaction should be affordable and easily available.
- One of the examples of a commercialized chemical reaction is the Haber process. This is extensively used to produce ammonia in large amounts using nitrogen(N2) and hydrogen(H2) gases as the raw materials with Iron as the catalyst. This chemical reaction is carried out under high pressure(200 atm) and high temperatures(400-450 degrees Celcius).
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