The Aston Martin Cognizant Formula One (AMF1) Team and Saudi Aramco have formed a long-term strategic partnership that will accelerate the development of highly efficient internal combustion engines, high-performance sustainable fuels, advanced lubricants, and non-metallic material deployment in vehicles.
The partnership covers team sponsorship rights, a licensing agreement, and exclusive branding and endorsement rights for Aramco fuels and lubricants, in addition to joint research and development (R&D).
As a result, the 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 over 1.9 billion fans worldwide.
The team’s combined R&D efforts will support attempts to reach Formula One’s goal of being powered by sustainable energy by 2025. The partnership will also focus on the development and commercialization of fuel-efficient engine technology for road vehicles, as well as the advancement of more efficient hybrid engines in motorsport.
Mohammed Al Qahtani SVP – Downstream 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. 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.”
Mr. Lawrence Stroll, Chairman of Aston Martin Aramco Cognizant Formula One Team, said that “We are in the sport to win so I am delighted to welcome an incredible partner of the stature of Aramco with 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. 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.”
