The Aston Martin F1 team has announced a strategic alliance with Saudi Arabian oil giant Aramco that includes an industrial as well as a sponsorship partnership between the two parties.
Aston Martin and Aramco – a trackside sponsor of Formula 1 – will work together to develop "highly efficient internal combustion engines, high-performance sustainable fuels, advanced lubricants and the deployment of non-metallic materials in vehicles".
But the deal also includes a sponsorship rights and licensing agreement with the Silverstone-based outfit, as well as exclusive branding and endorsement rights.
The team will therefore be known as Aston Martin Aramco Cognizant Formula One™ Team.
Aston Martin F1 team owner Lawrence Stroll with Ahmed Ali Al-Subaey, Aramco Chairman.
"We are in the sport to win so I am delighted to welcome an incredible partner of the stature of Aramco, who I have learnt from this process has a tremendous amount of intellectual property and technical capability, which I know will greatly assist our team to achieve our goals of winning Formula One world championships," commented team chairman Lawrence Stroll.
"Our historic partnership demonstrates the scale of our ambition to make our team a pioneering and winning force in Formula One and showcase the sustainability and performance of Aramco’s products."
Mohammed Al Qahtani, Senior Vice President Downstream at Aramco, said: "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.
"It is an alliance that harnesses our shared commitment to engineering excellence and innovation, and has the potential to deliver winning results both on and off the track."
Aston Martin says its joint R&D efforts with Aramco will underpin efforts made by the team to meet Formula One’s target to be powered entirely by sustainable fuels by 2025.
"Additionally, the partnership will focus on development and commercialisation of fuel-efficient engine technologies for road vehicles, and the development of more efficient hybrid engines in motorsport.
Aston Martin F1 will unveil its 2022 car during an online event on February 10.
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