- From January 1, 2024, the team will be known as the Aston Martin Aramco Formula One® Team
- New five-year agreement, until 2028, builds on the successful partnership with the team
- Strategic partnership signifies a renewed commitment to innovate together in new mobility solutions both on and off the track
Aramco, one of the world’s leading integrated energy and chemicals companies, and Aston Martin Formula One® Team have announced a long-term extension of their partnership. From January 1, 2024, the Silverstone-based team will be known as the Aston Martin Aramco Formula One® Team.
From 2026, Aramco intends to provide best-in-class technology to deliver advanced fuels and lubricants to the team, alongside the team’s new works power unit engine partnership with Honda.
Nabeel A. Al-Jama’, Aramco Executive Vice President Human Resources & Corporate Services, said: 'We are delighted to extend our partnership and 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.'
Together, Aramco and the Aston Martin Aramco Formula One® Team will work on joint science, technology, engineering and mathematics (STEM) initiatives to inspire the young technicians, engineers and drivers of the future.
Source: Aramco
