Honeywell’s refrigerant spin-off Solstice takes shape

Honeywell has officially announced its new publicly traded spin-off refrigerant company, Solstice Advanced Materials, expected to be completed by late 2025 or early 2026, allowing both companies to pursue independent growth.

With projected revenue approaching A$6.7 billion, Solstice Advanced Materials will remain headquartered in Morris Plains, New Jersey, and leverage its flagship hydrofluoroolefin technology, developed by Honeywell with Dupont and used in products such as R1234yf.