FutureFuel Receives Excise Tax Registration Approval

Company Overview - FutureFuel Corp is a leading manufacturer of diversified chemical products, specialty chemical products, and biofuel products [2] - The company's chemicals business includes custom chemicals for specific customers and performance chemicals for multiple customers [2] - Custom chemicals portfolio includes proprietary intermediates for major chemical companies and chlorinated polyolefin adhesion promoters [2] - Performance chemicals portfolio includes polymer (nylon) modifiers and small-volume specialty chemicals for diverse applications [2] - The biofuels segment primarily produces and sells biodiesel [2] Regulatory Development - FutureFuel has received Excise Tax Registration approval from the Internal Revenue Service [1] - This registration is the first requirement to be eligible for the Internal Revenue Code 45Z credit (clean fuel production tax credit) [1] - The tax credit was first approved in August 2022 and became effective on January 1, 2025 [1] - FutureFuel and other Renewable Fuel Producers are awaiting full guidance from the IRS regarding the tax credit [1] Production Capacity - FutureFuel has the capacity to produce up to 60 million gallons of biodiesel annually [1] Forward-Looking Statements - The document contains forward-looking statements regarding FutureFuel's current plans, intentions, beliefs, and expectations [3] - These statements include terms such as "believe," "plan," "expect," "intend," "estimate," and "anticipate" [3] - Forward-looking statements may be included in SEC filings, press releases, or oral statements made by authorized executives [3]