Governor Hochul Announces Solstice Advanced Materials to Expand in Buffalo

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."

State Senator April N.M. Baskin said, "Buffalo has a long history of innovation that has reached far beyond our region, from harnessing Niagara Falls to power our manufacturing sector to the development of modern air conditioning right here in Buffalo. This $49 million investment from Solstice Advanced Materials builds on that history and will strengthen Buffalo's role as a hub for research and development, create new jobs and help advance the next generation of materials and technologies. I'm excited to see this investment in Buffalo and in the talented people who live in our region."

City of Buffalo Mayor Sean Ryan said, "Buffalo has a proud manufacturing history, and investments like this help us build on that foundation to create new opportunities for our residents. Solstice's $49 million expansion will bring new jobs to our city and make Buffalo the center of the company's global research and development efforts. I thank Solstice for investing in Buffalo's workforce and future, along with Governor Hochul and Empire State Development for helping make this expansion possible."

Erie County Executive Mark C. Poloncarzsaid, "Solstice is a worldwide company that could have expanded anywhere but chose Peabody Street to be the site of its new research and development hub, underscoring the strong business climate and excellent workforce we have here in Erie County. This investment in cutting-edge science and technology is a boost to our economic sector, and I thank Governor Hochul for her help in bringing it here."

About Solstice Advanced Materials

Solstice Advanced Materials is a leading global specialty materials company that advances science for smarter outcomes. Solstice offers high-performance solutions that enable critical industries and applications, including refrigerants, semiconductor manufacturing, data center cooling, nuclear power, protective fibers, healthcare packaging and more. Solstice is recognized for developing next-generation materials through some of the industry's most renowned brands such as Solstice®, Genetron®, Aclar®, Spectra®, Fluka™ and Hydranal™. Partnering with over 3,000 customers across more than 120 countries and territories and supported by a robust portfolio of over 5,700 patents and pending applications, Solstice's approximately 4,100 employees worldwide drive innovation in materials science. For more information, visit the Solstice Advanced Materials website.

About Empire State Development

Empire State Development is New York's chief economic development agency, and promotes business growth, job creation, and greater economic opportunity throughout the state. With offices in each of the state's 10 regions, ESD oversees the Regional Economic Development Councils, supports broadband equity through the ConnectALL office, and is growing the workforce of tomorrow through the Office of Strategic Workforce Development. The agency engages with emerging and next generation industries like clean energy and semiconductor manufacturing looking to grow in New York State, operates a network of assistance centers to help small businesses grow and succeed, and promotes the state's world class tourism destinations through I LOVE NY. For more information, please visit esd.ny.gov, and connect with ESD on LinkedIn, Facebook, and X.