FutureFuel Corp. (FF) 2008年年度报告「NYSE」.pdf

1、2008 ANNUAL REPORTSUPERIOR CHEMISTRYSUSTAINABLE FUELSFUTUREFUEL CORP.,(“FutureFuel”),through its wholly owned subsidiary FutureFuel Chemical Company(“FutureFuel Chemical”),is a leading producer of biodiesel and specialty chemicals.FutureFuel is well positioned in the biodiesel market,with current ca

2、pacity of 59 million gallons per year(up from 24 million gallons per year at the end of 2008 following completion of our expansion project),over 2 million gallons of on-site storage for finished product and feedstock,and strong relationships with many of the nations largest producers and marketers o

3、f vegetable oils,animal fats,and methanol.FutureFuels specialty chemical business,which provides approximately 80%of revenues,has a stable foundation based on excellent relationships with long-term customers and is well positioned for the future.Significant advantages are brought to the market place

4、 by having these two complementary business platforms.FutureFuels dedication to its customers,in the form of process improvement,technical and analytical support,and reliability,has resulted in a sustainable source of cash flow which serves as a foundation for FutureFuel to explore growth opportunit

5、ies in both the biofuel and chemical markets.FutureFuel was formed in 2005 for purposes of pursuing value-creating acquisitions of companies and/or assets.We completed a share offering in July 2006,raising$172.5 million,net,and simultaneously listed our shares on the Alternative Investment Market of

6、 the London Stock Exchange plc.We completed the acquisition of FutureFuel Chemical,formerly known as Eastman,SE,Inc.,on October 31,2006.As our acquisition of FutureFuel Chemical was accounted for through purchase accounting,our financial statements do not include results from FutureFuel Chemical for