FutureFuel Announces Certain Matters with Respect to Its Biodiesel Production
January 31 2025 - 3:02PM
FutureFuel Corp. (NYSE: FF) (“FutureFuel” or the “Company”),
a manufacturer of custom and performance chemicals and biofuels,
today announced certain matters with respect to its Biodiesel
production.
FutureFuel initiated its scheduled annual maintenance and
turnaround of its Biodiesel plant at the end of December 2024. This
turnaround has proven more extensive than expected. Therefore, the
Company currently believes the turnaround will continue through
February 2025. Biodiesel production will not commence until this
turnaround is complete.
Biodiesel production has been enabled through the support of
Section 40(A), the Blenders’ Tax Credit, which expired on December
31, 2024. This key incentive program has been replaced by a
producer's tax credit, IRA 45Z, which became effective
January 1, 2025. However, the applicable government agencies have
not yet published sufficient details of the IRA 45Z. This creates a
level of uncertainty for the Biodiesel industry which has caused
other Biodiesel producers and their capacity to go offline. The
Company will be closely monitoring this as it considers its
approach to Biodiesel production and its role in the biofuels
market.
About FutureFuel
FutureFuel is a leading manufacturer of
diversified chemical products and biofuels. FutureFuel’s chemicals
segment manufactures specialty chemicals for specific customers
(“custom chemicals”) as well as multi-customer specialty chemicals
(“performance chemicals”). FutureFuel’s custom manufacturing
product portfolio includes proprietary agrochemicals, adhesion
promoters, a biocide intermediate, and an antioxidant precursor.
FutureFuel’s performance chemicals products include a portfolio of
proprietary nylon and polyester polymer modifiers and several
small-volume specialty chemicals and solvents for diverse
applications. FutureFuel’s biofuels segment primarily produces and
sells biodiesel to its customers. Please visit
www.futurefuelcorporation.com for more information.
Forward-Looking Statements
This document contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements deal with
FutureFuel’s current plans, intentions, beliefs, and expectations,
and statements of future economic performance. Statements
containing such terms as “believe,” “do not believe,” “plan,”
“expect,” “intend,” “estimate,” “anticipate,” and other phrases of
similar meaning are considered to contain uncertainty and are
forward-looking statements. In addition, from time-to-time
FutureFuel or its representatives have made or will make
forward-looking statements orally or in writing. Furthermore, such
forward-looking statements may be included in various filings that
the company makes with United States Securities and Exchange
Commission (the “SEC”), in press releases, or in oral statements
made by or with the approval of one of FutureFuel’s authorized
executive officers.
These forward-looking statements are subject to certain known
and unknown risks and uncertainties, as well as assumptions that
could cause actual results to differ materially from those
reflected in these forward-looking statements. Factors that might
cause actual results to differ include, but are not limited to,
those set forth under the headings “Risk Factors” and “Management’s
Discussion and Analysis of Financial Condition and Results of
Operations” in FutureFuel’s Form 10-K Annual Report, as amended for
the year ended December 31, 2023, and in its future filings made
with the SEC. An investor should not place undue reliance on any
forward-looking statements contained in this document, which
reflect FutureFuel management’s opinions only as of their
respective dates. Except as required by law, the company undertakes
No obligation to revise or publicly release the results of any
revisions to forward-looking statements. The risks and
uncertainties described in this document and in current and future
filings with the SEC are not the only ones faced by FutureFuel. New
factors emerge from time to time, and it is not possible for the
company to predict which will arise. There may be additional risks
not presently known to the company or that the company currently
believes are immaterial to its business. In addition, FutureFuel
cannot assess the impact of each factor on its business or the
extent to which any factor, or combination of factors, may cause
actual results to differ materially from those contained in any
forward-looking statements. If any such risks occur, FutureFuel’s
business, operating results, liquidity, and financial condition
could be materially affected in an adverse manner. An investor
should consult any additional disclosures FutureFuel has made or
will make in its reports to the SEC on Forms 10-K, 10-Q, and 8-K,
and any amendments thereto. All subsequent written and oral
forward-looking statements attributable to FutureFuel or persons
acting on its behalf are expressly qualified in their entirety by
the cautionary statements contained in this document.
COMPANY CONTACT FutureFuel Corp.Roeland
Polet(314) 854-8352www.futurefuelcorporation.com
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