Biodiesel producer FutureFuel receives approval of 45Z registration from IRS
- FutureFuel Corp.
- Jan 7
- 1 min read

Biodiesel and chemical manufacturer FutureFuel Corp. announced Jan. 3 that it has received excise-tax registration approval from the Internal Revenue Service.
Â
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.
Â
The tax credit was first approved in August 2022, to be effective beginning Jan. 1, 2025.
Â
Like other renewable fuel producers, FutureFuel said it is awaiting full guidance from the IRS regarding the tax credit.
Â
FutureFuel has the capacity to produce up to 60 million gallons of biodiesel annually from its manufacturing facility in Batesville, Arkansas.
Â
The company is a leading manufacturer of diversified chemical products, specialty chemical products and biofuel products.
Â
In its chemicals business, FutureFuel manufactures specialty chemicals for specific customers (custom chemicals), as well as multicustomer specialty chemicals (performance chemicals).
Â
FutureFuel’s custom-chemicals product portfolio includes proprietary intermediates for major chemical companies and chlorinated polyolefin adhesion promoters and antioxidant precursors for a major chemical company.
Â
The company’s performance-chemicals product portfolio includes polymer (nylon) modifiers and several small-volume specialty chemicals for diverse applications.
Â
FutureFuel’s biofuels segment primarily produces and sells biodiesel.
Â
It also refines glycerin, a byproduct of biodiesel production, and sells it under the FutureSol® brand.