FutureFuel

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FutureFuel Corporation
TypePublic
NYSE: FF
S&P 600 component
IndustryBiofuels, Chemicals
HeadquartersClayton, Missouri
Key people
Lee Mikles
ProductsBioproducts
Websitewww.futurefuelcorporation.com

FutureFuel Corporation is a developer and producer of chemicals and biofuels. It is listed on the New York Stock Exchange, with symbol FF.[1]

History[]

In 2005 the company was founded in Clayton, Missouri as Viceroy Acquisition Corp., a Special-purpose acquisition company. In 2006 Viceroy acquired a plant in Batesville, Arkansas from Eastman Chemical and subsequently changed its name to FutureFuel.[2] Lee Mikles was CEO from 2006 until 2013. Since 2013 Tony Novelly has been chairman and CEO.[3]


Recent finances[]

According to the 2013 figures its company's share price has increased by 65% following several years of growth, and is still trading above IPO price, which is rare for biofuel companies.[4] It has been announced that it will become included in the S&P SmallCap 600, replacing A.O. Smith.[5]

Operations[]

The company operates in two segments: chemicals and biofuels.

The company has a wholly owned subsidiary named FutureFuel Chemical Company, which develops various chemical products selling to third party customers. The chemical segment consists of two components, which are custom manufacturing that produce chemicals for specific customers, and performance multi-customer specialty chemicals.[6] During 2011, about 50% of the company's revenue came from manufacturing specialty chemicals.[7][citation needed]

The biofuel segment mainly produce biodiesel, as well as petrodiesel. This operation segment is in central Arkansas, where the company owns 2,200 acres of land six miles southeast of Batesville, Arkansas.[citation needed]

References[]

  1. ^ "FutureFuel Corp". MarketWatch. Retrieved 27 March 2021.
  2. ^ Brown, Lisa (9 March 2011). "FutureFuel to list on NYSE". St. Louis Post-Dispatch. Retrieved 23 March 2021.
  3. ^ Kirn, Jacob (23 January 2015). "Mikles, president of Novelly's FutureFuel, resigns". St. Louis Business Journal. Retrieved 3 April 2021.
  4. ^ Brown, Tristan R. (9 September 2013). "FutureFuel Is A Rare Biofuels And Bioproducts Cash Cow". Seeking Alpha. Retrieved 27 March 2021.
  5. ^ "Archived copy". Archived from the original on 2014-08-21. Retrieved 2017-01-15.CS1 maint: archived copy as title (link)
  6. ^ Reuters
  7. ^ https://www.google.com/finance?q=NYSE:FF

External links[]

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