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Biofuel stocks gained on Friday after the Trump administration unveiled a proposal to raise the volume of biofuels that oil refiners must blend into the U.S. fuel supply over the next two years.
The Environmental Protection Agency (EPA) outlined a plan that would increase total biofuel blending volumes to 24.02 billion gallons in 2026 and 24.46 billion gallons in 2027, compared with 22.33 billion gallons required in 2025.
The proposal also includes a marked increase in mandates for biomass-based diesel, a key segment of the biofuel market.
Following the news, shares of Green Plains (NASDAQ:GPRE) and FutureFuel posted gains, up over 4% and 2.5%, respectively. Grain-handling stocks also climbed, including Bunge (NYSE:BG), up 5.9% and Archer-Daniels-Midland, which has risen 3.8%
The increase in mandated volumes could translate into higher demand for ethanol, biodiesel, and other renewable fuels, benefitting producers and related supply chains.
“President Trump recognizes how important the Renewable Fuel Standard is for American corn and soybean farmers,” said Secretary of Agriculture Brooke Rollins. “As the Trump Administration expands the domestic market for biofuels, at USDA we are working to break down tariff and non-tariff barriers for our American grown biofuels."
“Not only can we be energy independent, we are unleashing American energy dominance abroad.”