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Last updateFri, 29 Apr 2016 5pm

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Phillips 66 CEO Calls EPA Ethanol Mandate "Unworkable"

Phillips 66 CEO Greg Garland called the EPA proposal to include more ethanol in gasoline an “unworkable mandate” during remarks to reporters yesterday. He says the new mandate combined with stagnant or worse demand will cause the refining industry to hit the so-called “blend wall” sometime next year, the point at which ethanol can no longer be added to fuel.

"There's broad agreement there's an issue but not how to solve it," said Garland just before his company’s first shareholder meeting since splitting from ConocoPhillips.  

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