Solstice Advanced Materials Expanded Buffalo Research Hub
The company has committed $49 million to transform its Buffalo facility into its global research and development center.
Updated on Oct. 10, 2026 in Materials Science
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Solstice Advanced Materials U.S., Inc. has announced a $49 million expansion of its Buffalo, New York, research facility located on Peabody Street. This project will elevate the current site to serve as the company's global research and development hub.
Why it matters
The investment centralizes the company's innovation strategy in Western New York, following its independence from Honeywell Technologies. This consolidation positions the local facility to lead the development of new material technologies for the organization.
The $49 million capital investment supports the growth of an R&D site that currently sustains 180 employees. The expansion adds 12 new roles to the existing workforce, shifting the facility's scope to global operations.
The players
Solstice Advanced Materials U.S., Inc.
A materials science firm focused on advanced chemical and industrial applications that spun off from Honeywell Technologies.
Empire State Development
The economic development agency for New York State that manages the Excelsior Jobs Tax Credit Program.
Honeywell Technologies
A global conglomerate with a legacy portfolio in industrial materials and engineering that divested its materials business.
The details
The expansion on Peabody Street transitions the site from a regional laboratory to the central R&D headquarters for Solstice Advanced Materials. This firm was established as an independent entity in October 2025 following a spin-off from the Honeywell Technologies materials business. The project is supported by up to $1.4 million in tax credits via the Excelsior Jobs Tax Credit Program, an initiative managed by Empire State Development to encourage industrial investment in the state.
Timeline
October 2025: Solstice was created as a spin-off from Honeywell Technologies.
October 9, 2026: Governor announced the facility expansion project.
The Tech Race
This move follows the state's established strategy of using the Excelsior Jobs Tax Credit Program to attract high-value industrial research. By concentrating global R&D in Buffalo, the company is intensifying its push to compete in the materials science sector post-spinoff.
The project will directly create 12 new roles in the Buffalo area. Local hiring timelines and specific skill sets for these research positions have not yet been disclosed by the company.
The takeaway
This $49 million investment marks a significant pivot for the Buffalo facility as it scales to global R&D responsibility. Readers should watch for future hiring announcements or construction milestones at the Peabody Street site.
Further reading
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