BP extends sponsorship of Renault Sport Racing
BP has announced that it will continue its support of the Renault Sport Formula One Team for at least the next five years and explore new opportunities to work globally with the Renault-Nissan-Mitsubishi Alliance.
BP, Castrol and Renault Sport Formula One Team will collaborate in a number of areas, both on and off the track. In addition to BP Castrol supplying fuels and lubricants, the partnership will go beyond Formula 1 and see the partners collaborate on the joint development of advanced mobility solutions and new technologies.
“We are tremendously proud to announce this significant strengthening of our relationship with BP Castrol after laying strong and stable foundations together in 2017. BP and Castrol are at the cutting edge in their respective fields and a partnership of this scope, breadth and duration highlights the intents and goals of both parties,” said Jérôme Stoll, president of Renault Sport Racing.
“The automotive landscape is changing faster than ever before and BP is committed to remaining a leader in the development and marketing of fuels and lubricants. This partnership enables us to combine the excellent skills and knowledge across both organizations to tackle the challenges and explore the opportunities of this rapidly evolving market,” said Tufan Erginbilgic, chief executive, BP Downstream.
BP and Castrol are the official fuel and lubricant provider for the Renault Sport Formula One Team. Castrol also supplies lubricants to the team’s Enstone technical centre and Renault Sport Racing’s Viry-Châtillon engine operations base.
The BP and Castrol brands will continue to be seen on the team’s Formula 1 livery, including the 2018 R.S.18 car, which will be unveiled online on February 20.