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                                 UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C. 20549

                                 SCHEDULE 13G


                   UNDER THE SECURITIES EXCHANGE ACT OF 1934




                               FUTUREFUEL CORP.
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                               (Name of Issuer)


                                 COMMON STOCK
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                        (Title of Class of Securities)


                                  U36297 106
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                                (CUSIP Number)



                               DECEMBER 31, 2007
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            (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).


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  CUSIP NO. U36297 106            SCHEDULE 13G          PAGE 2 OF 5 PAGES
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     1       NAMES OF REPORTING PERSONS
             I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
             PAUL ANTHONY NOVELLY

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     2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*        (a) [ ]
                                                                      (b) [ ]

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     3       SEC USE ONLY

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     4       CITIZENSHIP OR PLACE OF ORGANIZATION

             USA
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                          5     SOLE VOTING POWER

   NUMBER OF SHARES             6,781,250
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                          6     SHARED VOTING POWER

BENEFICIALLY OWNED BY           625,000
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                          7     SOLE DISPOSITIVE POWER

    EACH REPORTING              6,781,250
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                          8     SHARED DISPOSITIVE POWER

     PERSON WITH:               625,000
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     9       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
             7,406,250

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    10       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN  [ ]
             SHARES*
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    11       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
             27.7%

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    12       TYPE OF REPORTING PERSON*                IN

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*SEE INSTRUCTIONS






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  CUSIP NO. U36297 106            SCHEDULE 13G          PAGE 3 OF 5 PAGES
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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.





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  CUSIP NO. U36297 106            SCHEDULE 13G          PAGE 4 OF 5 PAGES
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         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.






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  CUSIP NO. U36297 106            SCHEDULE 13G          PAGE 5 OF 5 PAGES
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                                   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