Aston Martin have secured a flagship partner ahead of the 2022 F1 season by agreeing terms with Saudi Arabian integrated energy and chemicals giant Aramco.
Aramco have been active in F1 since 2020, when they signed a wide-ranging partnership with the championship that includes trackside branding and title rights to several Grands Prix, but opted to take their involvement a step further by partnering with a team.
RacingNews365.com understands that Aramco held talks with several teams up and down the F1 paddock in 2021 and were particularly keen on working with a Mercedes-powered outfit, while shareholding was also a consideration for any potential partnership.
Aramco's deal with Aston Martin - spanning motorsport and the road car market - 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".
Aston Martin convinced "incredible" Aramco will help them win F1 titles
As part of the new deal, the Silverstone-based outfit will be officially known as the Aston Martin Aramco Cognizant Formula 1 Team from the 2022 season – American IT firm Cognizant being another major 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.
Ahmad Al Khowaiter, Chief Technology Officer at Aramco, added: "We are very excited to collaborate with such a renowned name in the automotive industry to advance motorsports technology.
"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.
F1 Podcast: Why F1 2022 could be the most exciting season ever
With huge changes being made to the F1 rule book for 2022, our journalists Dieter Rencken, Mike Seymour and Thomas Maher look ahead to the new season.