Governor Hochul Announces Solstice Advanced Materials to Expand in Buffalo

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A factual summary is pending editorial review. The complete official release is reproduced below with issuer attribution and a direct link to the original publication.

Official release

Source material from New York Empire State Development. The wording below is the issuer’s statement.

$49 Million Expansion Project Will Establish the Facility as Solstice’s Premier Global R&D Hub

Photo of the Facility Is Available Here

Governor Kathy Hochul today announced that Solstice Advanced Materials US, Inc. is expanding in Buffalo. Solstice, a global leader in high-performance specialty materials, will construct, renovate and equip its Peabody Street research and development facility to enhance and expand the company’s R&D capabilities in advanced materials and chemical processes. The $49 million investment will establish the Buffalo site as Solstice’s premier global R&D hub, reinforcing Western New York’s role at the cutting edge of advanced chemical manufacturing. The project will create 12 new jobs, building on the company’s existing 180-person Buffalo workforce.

“New York continues to be a magnet for the industries of tomorrow, and Solstice’s decision to anchor its premier R&D facility right here in Buffalo proves that our economic strategy is working,” Governor Hochul said. “This $49 million investment will create good-paying jobs, foster cutting-edge research and keep New York at the forefront of the green technology revolution.”

Solstice Advanced Materials US, Inc. Senior Director for R&D Ryan Hulse said, “This investment will accelerate the innovation our customers and critical industries depend on while creating new opportunities for growth in Buffalo. By expanding our R&D capabilities here, we are strengthening our proven hub in Buffalo for advancing next-generation solutions from lab to market, where they help solve real-world challenges and support end markets that drive jobs and investment.”

Formed in October 2025 as a spin-off of Honeywell Technologies’ specialty materials business, Solstice focuses on next-generation, environmentally friendly specialty materials for essential global industries, including refrigeration, foam insulation, aerosols, energy storage and semiconductor manufacturing.

To support the expansion project, Empire State Development is providing up to $1.4 million through the performance-based Excelsior Jobs Tax Credit Program.

Empire State Development President, CEO & Commissioner Hope Knight said, “Solstice Advanced Materials’ commitment to Buffalo highlights the strength of New York’s high-tech ecosystem under Governor Hochul’s leadership. By supporting strategic infrastructure and R&D enhancements like this, we are ensuring that manufacturers have the tools they need to drive global innovation and local economic growth.”

Read the full press release here.

Release text attributed to New York Empire State Development. Consult the official publication for any subsequent corrections or updates.