CF Industries (CF) Rallies 6% on Trump's Biofuels Policy

We recently published a list of LOOK: These 10 Stocks Just Stole The Show. In this article, we are going to take a look at where CF Industries Holdings, Inc. (NYSE:CF) stands against other best-performing stocks of Friday.

CF Industries saw its share prices increase by 6.5 percent on Friday to end at $99.93 apiece as investor sentiment was boosted by the Trump administration’s proposal to raise the amount of biofuels that oil refiners must blend into the country’s fuel mix over the next two years.

Under the policy, the Trump administration was planning to raise biofuel volume blended into diesel and gasoline products. The initiative will largely benefit CF Industries Holdings, Inc. (NYSE:CF), one of the largest ammonia producers globally, given its focus on agricultural and industrial uses through fertilizing crops and emissions control.

Last year, the company teamed up with POET, a major ethanol and biofuel producer, to test low-carbon ammonia fertilizers for corn used in ethanol production with the goal of lowering ethanol carbon intensity by up to 10 percent.

“We are creating a new system that benefits American farmers,” Environmental Protection Agency Administrator Lee Zeldin said in a statement. “We can no longer afford to continue with the same system where Americans pay for foreign competitors.”

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READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.