FutureFuel Corp (FutureFuel) is primarily engaged in the manufacturing of diversified chemical products, bio-based fuel products and byproducts, and bio-based specialty chemical products.

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FutureFuel devotes considerable resources to research and development programs primarily targeted towards innovating, developing, and improving biofuels processes, particularly biodiesel and other biofuels, including value-up technology and applications for co-products. The company also focuses on developing and improving processes for custom manufacturing products and innovating, developing, and improving performance chemical products and manufacturing processes. The company's core competencies include analytical chemistry, organic chemistry expertise, design and process engineering capabilities, and proficiency in process safety and scale-up, which support the legacy chemical business and apply to building a technology-based position in biofuels and expanding chemical segment product lines. The R&D units of the company comprise analytical chemistry competencies, organic chemistry expertise, design and process engineering capabilities, and proficiency in process safety and scale-up. These units are responsible for assaying and characterizing raw materials and products, applying organic chemistry across various reaction chemistries and materials, designing and processing both solid and liquid materials, and ensuring safe chemical manufacturing processes. In FY2024, it incurred an expense of US$3.9 million on R&D activities, which was 1.4% of its revenue and which decreased 9% YoY.