Strem Chemicals, Inc. is an employee-owned company specializing in fine chemicals in Newburyport, Massachusetts, United States. It was established in 1964 by Michael Strem, who remains president. While Michael Strem was a graduate student, he spent time in Dr. Irving Wender's laboratory learning to synthesize and use cobalt carbonyl. They discussed setting up a chemical company, which resulted in Strem Chemicals. Later, cobalt carbonyl became Strem Chemical's first commercial product.