Mercedes have extended their title sponsorship and technical agreement with Petronas with a multi-year contract that takes the team into Formula 1’s next era of engine regulations.
During that time the team have won 115 races and been crowned world champions eight times, in addition to running the championship-winning driver seven times.
The announcement of an extended Petronas partnership not only guarantees the team will be on the grid until at least 2029, but also is encouraging news for the series as another petroleum producer has publicly committed to the sustainability targets that F1 wants its fuels to meet in 2026 and beyond.
“Today we are doing something a little bit unusual – announcing a partnership that will begin in four years’ time,” said Mercedes team principal Toto Wolff.
“This sends an important message: our team and Petronas are no longer just partners, we are family, and we will be one team for many more years to come.
“From 2026, advanced sustainable fuel will be at the heart of F1 performance – and this gives us a fantastic opportunity to demonstrate our expertise in this domain, through both the power unit and Petronas Fluid Technology Solutions. We are excited to be racing into the future alongside Petronas, with the ambition to set the standard once again, in our on-track performance and by pioneering the transition of a global sports team to a net-zero future.”
The FIA’s target is “50% electrification” for power units and “100% advanced sustainable fuel” by 2026. F1 is currently working with Aramco on sustainably-sourced fuel which can be introduced before then in Formula 2 and other junior series as a technical proving ground.
Datuk Sazali Hamzah, chief executive officer of Petronas Downstream, said: “With our longstanding partnership and extensive experience in formulating the Fluid Technology Solutions for the team, Petronas is fully equipped with the capacity and capabilities to perfect the technology to produce and supply 100% advanced sustainable fuel for the next-generation power units.”
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5 comments on “Mercedes and Petronas extend title sponsorship deal into F1’s new fuel era”
28th September 2022, 10:09
It was quite a nobrainer
28th September 2022, 10:56
Wasn’t Mercedes going to make a step back from F1, the team renaming into something with INEOS for this year, or was it the next one?
28th September 2022, 11:17
That could still happen.
Ineos-Wolff-Petronas racing still has a good ring to it no?
30th September 2022, 15:57
Wolff-Ineos-Petronas, or WIP, as this year’s car appears to be.
28th September 2022, 12:51
I think the first paragraphs are a bit confusing (the first is anbout Petronas sponsorship, but the second seems to be talking about Mercedes HPP).
I though the news and this article is all about Petronas confirming their ongoing technical collaboration with, and title sponsorshop of, the team owned by Wolff/Ineos/Mercedes.
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