- Renewal extends partnership that has run for over 90 years in motorsport
- Plans align with Formula One’s aim of reaching net zero carbon footprint by 2030
Formula One team Scuderia Ferrari and Shell have renewed their longstanding partnership, with a deal that is geared towards advancements in sustainability and technology.
The oil and gas company will assist the Scuderia with product development, which includes improving their car's V6 turbo-hybrid power unit and helping the team meet Formula One's goals of running fully sustainable fuels.
Shell will also work with Scuderia Ferrari to achieve Formula One's ambitious target of reaching a net zero carbon footprint by 2030.
The collaboration, which dates back to the team’s formation in 1929, has seen the pair secure ten constructors' titles and 12 driver titles, including five of Michael Schumacher's seven world championships.
In a prepared statement, Scuderia Ferrari team principal Mattia Binotto noted how the pair have “produced so many victories together”, adding: "As our innovation partner we will continue to work with Shell on the transfer of racing technology to mobility as well as the ambitious challenges that lie ahead in particular the aim of Formula One to reach a net-zero emissions level by 2030."
The 2021 Formula One season begins on 26th March at Bahrain International Circuit.