Aston Martin have announced a multi-year deal with the Saudi Arabian Oil Company, Aramco, which has become a joint title sponsor of the team.
The Silverstone-based team will officially be known as the Aston Martin Aramco Cognizant Formula One team, it was announced, as a result of the new sponsorship agreement with the publicly-owned Saudi Arabian petrochemicals company.
It is the latest commercial expansion into Formula 1 by the Saudi Arabian Oil Company, more commonly known as Aramco, after the company announced a long-term sponsorship deal with Formula 1 on the eve of the 2020 season. The Aramco brand has featured on trackside advertising boards around multiple grands prix over the last two seasons and was the title sponsor of the Spanish and United States rounds last season.
The company was named as the ‘world’s biggest polluter’ in a 2019 study, with Aramco’s business activities estimated to have contributed around 59 billion tonnes of carbon dioxide equivalent since 1965. Aston Martin claim that research and development collaboration between the team and Aramco will “ underpin efforts made by the team to meet Formula 1’s target to be powered entirely by sustainable fuels by 2025”.
Team chairman, Lawrence Stroll, said the new sponsorship will help the team to become a “pioneering and winning force” in the sport.
“We are in the sport to win so I am delighted to welcome an incredible partner of the stature of Aramco, who I have learned 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,” said Stroll.
Aston Martin are set to unveil their new car for the upcoming 2022 season, the AMR22, next Thursday 10th March, after finishing in seventh place in last year’s constructors’ championship. The team will again field the driver line up of four-time world champion Sebastian Vettel and Lance Stroll.
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