Italy's Snam Is Said to Sign Deal With Seat to Boost Biogas Cars
- Focus for new initiatives will be on Italy, France, Austria
- Snam to invest about 50 million euros in filling stations
The logo of Snam SpA, sits on a door at the company's headquarters in Milan.
Photographer: Alessia Pierdomenico/Bloomberg
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Italy’s Snam SpA signed a deal with Volkswagen AG’s Seat to invest in biofuel cars, as Europe’s biggest gas utility targets transportation as a top source for future growth.
Seat and Snam will jointly build infrastructure to enable the use of compressed natural gas and biomethane in the auto industry, according to a person familiar with the agreement who asked not to be named as the deal is not yet public.