Taxes

FutureFuel Secures Excise Tax Green Light: What It Means for You!


Exciting News from FutureFuel Corp!

CLAYTON, Mo., January 3, 2025 — Big things are happening at FutureFuel Corp. (NYSE: FF)! This innovative powerhouse in custom and performance chemicals and biofuels has just achieved a significant milestone: the Excise Tax Registration approval from the Internal Revenue Service. What does this mean for you? It’s the first step toward claiming the coveted Internal Revenue Code 45Z credit, also known as the clean fuel production tax credit, which was initially approved back in August 2022 and kicks off on January 1, 2025. FutureFuel, alongside other trailblazing Renewable Fuel Producers, is eagerly awaiting the IRS’s full guidance on this game-changing tax credit. With the capacity to crank out up to 60 million gallons of biodiesel annually, FutureFuel is poised to make a major impact!

What Makes FutureFuel a Leader?

FutureFuel isn’t just any manufacturer; they are at the forefront of the chemical and biofuel industry. With a robust lineup of diversified chemical products, including specialized chemicals tailor-made for specific customers, and high-performance chemicals that cater to multiple industries, FutureFuel is redefining what it means to be a leader in the sector. Their custom chemicals range from proprietary intermediates for major chemical players to chlorinated polyolefin adhesion promoters. Meanwhile, their performance chemicals portfolio features innovative modifiers for polymers and a variety of niche specialty chemicals applicable across different sectors. And let’s not forget their biofuels segment, which focuses primarily on biodiesel production. Curious to learn more? Visit FutureFuel’s website for all the details!

Looking Ahead: The Future is Bright

It’s important to stay informed! This announcement includes forward-looking statements that capture FutureFuel’s current ambitions and expectations as outlined under the Private Securities Litigation Reform Act of 1995. These statements incorporate terminology like “believe,” “anticipate,” and “expect,” which indicate a degree of uncertainty. FutureFuel may also share these insights through various channels, including SEC filings and press releases. Keep in mind, however, that these forward-looking statements are subject to risks and uncertainties that could lead to actual results diverging from the projections.

Investors should be aware that there are many factors that could influence FutureFuel’s performance, as detailed in their annual Form 10-K report and subsequent SEC filings. It’s crucial not to place too much reliance on these statements, as they reflect management’s views only up to their publication date. Although FutureFuel has no obligation to update forward-looking statements, they will remain transparent in their communications, providing any necessary updates through official SEC channels.

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