No. The nickel acts as a heterogeneous catalyst (ie. it's in a different state of matter (phase) than the reagents). It catalyses the reaction, like any catalysts do, by providing an alternative pathway with lower activation energy. The ethene adsorbs onto the surface of the hot catalyst in active sites. This interaction breaks the double bonds and makes the addition reaction possible. The hydrogen atoms also adsorb onto the Nickel surface and they break the bonds between themselves, meaning they are no longer a diatomic molecule which allows them to move around on the surface of the catalyst. After the reaction has happened, the products desorb from the surface. This also increases the rate of the reaction as the ethene molecule is always in the correct orientation and it increases the number of collisions as all the reagents are adsorbed into the surface of the catalyst.
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