BP and the Renault Group, through its division Renault Sport Racing, have announced a major strengthening of their relationship, as a result of which the global energy company will continue to support the Renault Sport Formula One Team for at least another five years and will consider new opportunities for cooperation with the Renault Alliance -Nissan-Mitsubishi on a global scale.
Building on their first season together and the successful meeting between Carlos Ghosn, President and CEO of Renault, and Bob Dudley, CEO of BP Group, where they exchanged their vision for the future, the BP Castrol brand and team Renault Sport Formula One Team will collaborate on a number of projects. The partnership will not be limited to Formula 1, and in addition to BP Castrol providing fuel and lubricants to the team, the partners will work together to develop advanced mobility solutions and new technologies.
Jérôme Stoll, President of Renault Sport Racing, commented: “We are extremely proud to announce this significant strengthening of our relationship with BP Castrol, building on the solid and stable foundation we collectively laid in 2017. BP and Castrol are leaders in their respective fields, and such a partnership of such magnitude, scope and duration is a testament to the intentions and goals of both parties.”
Tufan Erginbilgic, CEO of BP Downstream, said: “We look forward to continuing our relationship in Formula 1 and the opportunity for greater global collaboration with the Renault-Nissan-Mitsubishi alliance, including continuing to develop advanced solutions in areas of mobility and new technologies. The automotive industry is changing faster than ever, and BP is committed to maintaining its leadership in the development and sale of fuels and lubricants. This partnership allows us to combine the superior skills and knowledge of both organizations to meet the challenges and explore opportunities in a dynamic market.»
BP and Castrol are the official supplier of fuels and lubricants for the Renault Sport Formula One Team. Castrol also supplies lubricants to the team's Enstone technical center and Renault Sport Racing's Viry-Châtillon racing engine plant.
The BP and Castrol brands will continue to feature in Formula 1 car liveries, including on the 2018 R.S.18, which will be unveiled online for the first time on February 20.
About the Castrol brand
Castrol, one of the world's leading lubricant brands, is proud of its long history of innovation. Our commitment to excellence enables the Castrol brand to develop lubricants and greases without which the many technical advances of the past 100 years on land, in the air, at sea and in space would not have been possible.
Castrol is part of the BP group and serves customers and consumers in the automotive, shipping, industrial and energy sectors. Our brand products are world renowned for their innovative solutions and enhanced performance, which are the result of our commitment to excellence and the latest technology. For more information about Castrol, visit www.castrol.com
About Renault Sport Racing
Motorsport has been an integral part of Renault's DNA for over 115 years. Renault has competed in Formula 1 over 600 times, won 11 championship titles, won the Constructors' Championship 12 times and won at least 173 Grand Prix victories.
In 2016, inspired by these illustrious achievements and to reaffirm its commitment to sport, Renault created a new division under which all motorsport activities of the brand, Renault Sport Racing, and another division to manage the development and sales of the Renault Sport Cars portfolio. . The main objectives were to help spread the company's passion for motorsports to a wide audience, while maximizing the technological synergy between racing and rally models and road sports models. Since February 2016, Renault Sport Racing has been overseeing and coordinating all of Renault's motorsport activities, from Formula 1 and Formula E to the Renault Sport series. Now the company's employees and production facilities at two main sites, Viry-Châtillon in France and Enoston in the UK, are under the same management, and Renault Sport Racing has steadily strengthened Renault's commitment to motorsport.