Aston Martin F1 team announces partnership with Saudi Aramco
Aston Martin’s Formula One™ Team said that its long-term strategic partnership with Saudi Aramco, announced on February 3, will drive the development of highly efficient internal combustion engines (ICE), high-performance sustainable fuels, advanced lubricants and the deployment of non-metallic materials in vehicles.
In addition to joint research and development, the collaboration includes team sponsorship rights, a licensing agreement, as well as exclusive branding and endorsement rights for Aramco fuels and lubricants.
The iconic British carmaker, synonymous with James Bond movies, returned to Formula One racing in March 2021 at the Bahrain Grand Prix, after a 61-year absence.
Following the announcement, the F1 team will be known as Aston Martin Aramco Cognizant Formula One™ Team. The alliance complements Aramco’s status as a global strategic sponsor of Formula One – the world’s premier motor racing event with more than 1.9 billion fans worldwide.
The joint R&D efforts will underpin efforts made by the team to meet Formula One’s target to be powered entirely by sustainable fuels by 2025.
“We are very excited to collaborate with such a renowned name in the automotive industry to advance motorsports technology,” said Ahmad Al Khowaiter, chief technology officer, Saudi Aramco.
“The partnership reflects Aramco’s efforts to reduce emissions in the global automotive and transport industries. Our ambition is to supply premium fuels and lubricants to the global automotive sector, and our tie-up with the Aston Martin team will help drive awareness of our high-quality products,” said Mohammed Al Qahtani, senior vice president, Downstream, Saudi Aramco.
“Winning in Formula One is all about assembling and managing the right ingredients in the optimal way,” said Martin Whitmarsh, group chief executive officer, Aston Martin Performance Technologies. “Aramco is an innovative company whose ultra high-tech expertise will make a very real and hugely valuable contribution to improving the performance of, and delivering the future success of, Aston Martin Aramco Cognizant Formula One™ Team.”
