For practical applications, the design of catalysts for both hydrogenation and dehydrogenation reactions is aimed at high selectivity, but under sufficiently mild reaction conditions since LOHCs are susceptible to thermal degradation . A large number of heterogeneous catalysts (with or without supports), that are associated with high selectivity and yield, have been reported in literature for several classes of cycloalkanes as well as heterocycles . However, these noble-metal catalysts are expensive and deactivation of highly active catalysts due to coking is a major concern. Thus, stable homogeneous catalysts with lower manufacturing costs and comparable catalytic activities are promising alternatives . One of the primary advantages of homogeneous catalysts is their tunability at the molecular level, which allows their properties to be tailored towards specific requirements. For the dehydrogenation of H12-NEC, Wang et al. reported three homogeneous Ir based tridentate (PCP pincer) ligand complexes at 200°C .