Aramco, an energy and chemicals corporation, has joined Aston Martin’s partnership portfolio in a broad and “long-term” arrangement.
Aston Martin has signed arrangements with Saudi Arabian integrated energy and chemicals firm Aramco ahead of the 2022 Formula One season, securing a flagship partner.
Aramco has been involved in Formula One since 2020, when they secured a multi-year deal with the series that includes trackside branding and title rights to a several Grands Prix, but they decided to go one step further by collaborating with a team.
According to RacingNews365.com, Aramco held conversations with various teams throughout the Formula One circuit in 2021, with a particular interest in collaborating with a Mercedes-powered team, whilst shareholding was also a consideration in any potential partnership.
Aramco’s partnership with Aston Martin will “drive the development of highly efficient internal combustion engines, high-performance sustainable fuels, advanced lubricants, and the deployment of non-metallic materials in vehicles,” according to the agreement, which spans motorsport and the road car market.
Aston Martin convinced “incredible” Aramco will help them win F1 titles
From the 2022 season onwards, the Silverstone-based team will be called as the Aston Martin Aramco Cognizant Formula 1 Team, with American IT firm Cognizant as a significant partner.
“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 1 World Championships,” said Aston Martin Chairman Lawrence Stroll.
“We are very excited to collaborate with such a renowned name in the automotive industry to advance motorsports technology,” said Ahmad Al Khowaiter, Aramco’s Chief Technology Officer.
“With our combined expertise we have the potential to improve engine performance and reduce emissions, helping lower the carbon footprint of the sport and, eventually, the automotive industry.”
Amin H. Nasser – the CEO of Saudi Aramco – recently featured on the first-ever RacingNews365.com ‘Power List’, capturing the most powerful and influential people involved in the sport.
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