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Eni, BMW Agree to Fuel Corporate Fleets With Renewable Diesel

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Eni (E) said Monday it agreed to fuel BMW Group corporate fleet vehicles in Italy with a diesel biofuel produced from renewable materials like feedstocks.

The hydrotreated vegetable oil lowered greenhouse gas emissions by 79.5% in the supply chain compared with standard fossil fuels, the company said.

The automaker is developing technology to compare vehicle refueling information with payment systems for complete traceability of the product, Eni said.

Shares of the company were up 2.4% in Monday trading.

Price: $48.91, Change: $+1.19, Percent Change: +2.49%

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