================================================================================ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 FUTUREFUEL CORP. -------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK -------------------------------------------------------------------------------- (Title of Class of Securities) U36297 106 -------------------------------------------------------------------------------- (CUSIP Number) DECEMBER 31, 2007 -------------------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1(b) [ ] Rule 13d-1(c) [X] Rule 13d-1(d)* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). ================================================================================ ------------------------ --------------------- CUSIP NO. U36297 106 SCHEDULE 13G PAGE 2 OF 5 PAGES ------------------------ --------------------- ------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) PAUL ANTHONY NOVELLY ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] ------------------------------------------------------------------------------- 3 SEC USE ONLY ------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION USA ------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF SHARES 6,781,250 ------------------------------------------------------- 6 SHARED VOTING POWER BENEFICIALLY OWNED BY 625,000 ------------------------------------------------------- 7 SOLE DISPOSITIVE POWER EACH REPORTING 6,781,250 ------------------------------------------------------- 8 SHARED DISPOSITIVE POWER PERSON WITH: 625,000 ------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,406,250 ------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN [ ] SHARES* ------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 27.7% ------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN ------------------------------------------------------------------------------- *SEE INSTRUCTIONS ------------------------ --------------------- CUSIP NO. U36297 106 SCHEDULE 13G PAGE 3 OF 5 PAGES ------------------------ --------------------- ITEM 1. The principal executive offices of FutureFuel Corp., a Delaware corporation ("FutureFuel"), are located at 8235 Forsyth Boulevard, Suite 400, Clayton, Missouri 63105. ITEM 2. The name, state of incorporation, business address and citizenship of the person filing this statement is: Paul Anthony Novelly 8235 Forsyth Blvd., 4th Floor Clayton, MO 63105 Citizen of the United States of America Shares of FutureFuel's Common Stock as well as certain Warrants to acquire shares of FutureFuel's Common Stock are listed on the Alternative Investment Market of the London Stock Exchange plc. Shares of Common Stock and Warrants trade under the ticker symbols "FFU", CUSIP Number U36297 106 and "FFUW," CUSIP Number U36297 122, respectively. ITEM 3. Not applicable. ITEM 4. OWNERSHIP Mr. Novelly has sole voting and dispositive power with respect to 6,781,250 shares of Common Stock, which represents 25.4% of FutureFuel's outstanding Common Stock, owned by St. Albans Global Management, Limited Partnership, LLLP, a Delaware Limited Liability Limited Partnership, as to which Mr. Novelly is the Chief Executive Officer. Mr. Novelly disclaims beneficial ownership except to the extent of a minor pecuniary interest. Mr. Novelly has shared voting and dispositive power with respect to 625,000 shares of Common Stock, which represents 2.3% of FutureFuel's outstanding Common Stock, owned by Apex Holding Co., a Missouri corporation, as to which Mr. Novelly is the sole Director and Chief Executive Officer. Mr. Novelly disclaims beneficial ownership except to the extent of a minor pecuniary interest. Each of the company's Warrants represents the right to purchase one share of the company's Common Stock at the price of $6.00, exercisable on or before July 12, 2010. 4,643,750 of the company's Warrants, which represents 20.6% of FutureFuel's outstanding Warrants, are held by St. Albans Global Management, Limited Partnership, LLLP, a Delaware Limited Liability Limited Partnership, as to which Mr. Novelly is the Chief Executive Officer. Mr. Novelly disclaims beneficial ownership except to the extent of a minor pecuniary interest. ------------------------ --------------------- CUSIP NO. U36297 106 SCHEDULE 13G PAGE 4 OF 5 PAGES ------------------------ --------------------- 625,000 of the company's Warrants, which represents 2.8% of FutureFuel's outstanding Warrants, are held by Apex Holding Co., a Missouri corporation, as to which Mr. Novelly is the sole Director and Chief Executive Officer. Mr. Novelly disclaims beneficial ownership except to the extent of a minor pecuniary interest. ITEM 5. Not applicable. ITEM 6. OWNERSHIP OF MORE THAN 5 PERCENT ON BEHALF OF ANOTHER PERSON Not applicable. ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR CONTROL PERSON Not applicable. ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP Not applicable. ITEM 9. NOTICE OF DISSOLUTION OF GROUP Not applicable. ITEM 10. CERTIFICATIONS By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. ------------------------ --------------------- CUSIP NO. U36297 106 SCHEDULE 13G PAGE 5 OF 5 PAGES ------------------------ --------------------- SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: February 14, 2008 By: /s/ Paul A. Novelly ---------------------------- Name: Paul A. Novelly