BP Castrol extends sponsorship of Renault Sport Racing by at least five years
London, 5 February 2018. BP and Groupe Renault, through Renault Sport Racing, have today announced a significant strengthening of their relationship, which will see the global energy company continue its support of the Renault Sport Formula One Team for at least the next five years and explore new opportunities to work globally with the Renault-Nissan-Mitsubishi Alliance. Building on their first season together, and a successful meeting between Renault Chairman and CEO Carlos Ghosn and BP Group Chief Executive Bob Dudley during which they shared their vision for the future, BP, Castrol and Renault Sport Formula One Team will collaborate in a number of areas, both on and off the track. In addition to the fuel and lubricants supply by BP Castrol, the partnership will go beyond Formula 1 and see the partners collaborate on the joint development of advanced mobility solutions and new technologies.
Jérôme Stoll, President of Renault Sport Racing, said: “We are tremendously proud to announce this significant strengthening of our relationship with BP Castrol after laying strong and stable foundations together in 2017. BP and Castrol are at the cutting edge in their respective fields and a partnership of this scope, breadth and duration highlights the intents and goals of both parties.” Tufan Erginbilgic, CEO BP Downstream, said: “We look forward to our continued relationship in Formula 1 and to exploring a wider global co-operation with the Renault-Nissan-Mitsubishi Alliance including the further joint development of advanced mobility solutions and new technologies. The automotive landscape is changing faster than ever before and BP is committed to remaining a leader in the development and marketing of fuels and lubricants. This partnership enables us to combine the excellent skills and knowledge across both organizations to tackle the challenges and explore the opportunities of this rapidly evolving market.” BP and Castrol are the official fuel and lubricant provider for the Renault Sport Formula One Team . Castrol also supplies lubricants to the team’s Enstone technical centre and Renault Sport Racing’s Viry-Châtillon engine operations base. The BP and Castrol brands will continue to be seen on the team’s Formula 1 livery, including the 2018 R.S.18 car which will be unveiled online on February 20. partnership, has enabled Castrol to develop lubricants and greases that have been at the heart of numerous technological feats on land, air, sea and space for over 100 years. Castrol is part of the BP group and serves customers and consumers in the automotive, marine, industrial and energy sectors. Our branded products are recognized globally for innovation and high performance through our commitment to premium quality and cutting-edge technology. To find out more about Castrol please visit www.castrol.com
About Renault Sport Racing
For more than 115 years, motorsport has constituted an integral element of Renault’s DNA. In Formula One, Renault has started more than 600 races and clinched 11 Drivers’ titles, 12 Constructors’ crowns and no fewer than 173 grand prix victories. In 2016, spurred on by this illustrious track record and eager to reaffirm its commitment to the sport, Renault launched an all-new entity encompassing all of the brand’s motorsport activities – Renault Sport Racing – and another to manage the development and sale of the Renault Sport Cars portfolio. The key objectives were to promote the company’s passion for motorsport to a wider audience while maximising the technological synergies between its racing and rally and its road-going sports models. As of February 2016, Renault Sport Racing controls and co-ordinates all of Renault's motorsport activities, from Formula One and Formula E, to the Renault Sport Series.Now under the same overall management to cover the staff and facilities at the company's two key sites at Viry Châtillon in France and Enstone in the UK, Renault Sport Racing firmly reinforces Renault's commitment to the motorsport.