The Formula 1 team, Aston Martin has announced a multi-year sponsorship extension with Aramco, one of the world’s leading integrated energy and chemicals companies.
With effect from January 1, 2024, the Silverstone-based F1 unit will be called Aston Martin Aramco Formula 1 Team.
Through this deal, Aramco also plans to supply the team with cutting-edge fuels and lubricants starting in 2026, in addition to the team’s new works power unit engine agreement with Honda.
Nabeel A. Al-Jama’, Aramco Executive Vice President Human Resources & Corporate Services, said, “We are delighted to become the exclusive title partner of the Aston Martin Aramco Formula One Team. Since partnering with the team in 2022, we have witnessed the team take significant strides forward and have enjoyed celebrating some very special moments, including eight podiums this season.
“The future for the Aston Martin Aramco Formula One Team is bright, and today’s news reaffirms our long-term commitment to Aston Martin where Aramco’s expertise and technology can contribute to advanced car performance, especially with our development of advanced fuels and lubricants.”
Lawrence Stroll, Aston Martin Aramco Formula One Team Executive Chairman, said, “We are very proud to continue and strengthen our successful partnership with Aramco. We already enjoy an important strategic relationship and their support as our title partner for the next five years is a clear demonstration of our shared ambition. Since 2022, they have played a key role in Aston Martin’s Formula One journey and their contribution will only become more significant in the years ahead.
“We are working together on several key initiatives, including the development of advanced fuels for 2026, when we begin our Honda works power unit partnership. Aramco’s expertise and products will make a real contribution to our on-track performance and add significant value in many other areas of our organization, especially at our new AMR Technology Campus.”
Furthermore, to motivate the next generation of technicians, engineers, and drivers, Aramco and the Aston Martin Aramco Formula One Team will collaborate on joint STEM (science, technology, engineering, and mathematics) projects.