Specialty organic chemical and biofuel producer FutureFuel Corp. announced that it’s closing its remote headquarters in Clayton, Missouri, and consolidating its corporate operations in Batesville.
The company said in a news release that “key personnel” would be included in the move. The release did not say whether other jobs would be affected.
Batesville has been the location of FutureFuel’s main production, technology and administrative site for nearly two decades.
The publicly traded company (NYSE: FF) in June paused biodiesel production at the facility due to regulatory uncertainty, but is now “a bit more optimistic” about restarting production in the fourth quarter, according to the release.
Biofuel, primarily biodiesel, has been the company’s largest revenue source for years. In 2024, it accounted for $163.3 million of $243.3 million in company revenue.
FutureFuel paused production due in part to questions surrounding a federal tax credit known as the 45Z Clean Fuel Production Credit. Incomplete rulemaking and a lack of clarity about the credit’s implementation and benefits contributed to widespread uncertainty, according to industry group Clean Fuels Alliance America (CFAA).
Some of those issues have been resolved by President Donald Trump’s “One Big Beautiful Bill Act,” according to CFAA. The bill, signed into law July 4, also extended the 45Z credit to 2029.
FutureFuel said historically high input prices also factored into the decision to pause production. But since then, market conditions have improved due to record soybean crops and limited export demand for soybeans.
Even if biofuel production resumes, the company expects specialty chemicals to contribute more significantly to sales starting in the first quarter of 2026 thanks to new investment in the segment.
Shares of FutureFuel closed at $4.03 on Tuesday. Over the past 12 months, shares were down 32%.
FutureFuel is scheduled to report third-quarter results on Nov. 10.
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