Futurefuel receives excise tax registration approval

Clayton, mo., jan. 03, 2025 (globe newswire) -- futurefuel corp. (nyse: ff) ("futurefuel”), a manufacturer of custom and performance chemicals and biofuels, today announced that it has received excise tax registration approval from the internal revenue service. this registration is the first requirement to be eligible to claim the internal revenue code 45z credit, also known as the clean fuel production tax credit. the tax credit was first approved in august 2022, to be effective beginning january 1, 2025. futurefuel along with other renewable fuel producers, are awaiting full guidance from the internal revenue service regarding the tax credit. futurefuel has the capacity to produce up to 60 million gallons of biodiesel annually.
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