The iron may act as soon replacing only rhodium, ruthenium, palladium and platinum, traditionally used in the manufacture of perfumes and medications catalysts.
A study by Professor Robert Morris, University of Toronto, concluded that iron catalysts are also effective - if not more - than those made from rare chemical elements. The final recipe is both more environmentally friendly and economical.
"Iron is about 10,000 times less expensive to obtain than ruthenium. Less than 200 cubic meters of metal of the same type as platinum are mined each year and not all can be recycled after use. They are not essential to life and can be toxic. "
- Robert Morris
According to Professor Morris, his efforts are part of a global trend where more and more industries, such as automotive and energy, working to find new uses for iron, an abundant and economical metal.
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