BP and Renault have announced an extension and significant strengthening of their partnership, which will take at least five years, and will expand beyond the F1 program on Renault-Nissan-Mitsubishi alliance.
In 2017, Renault switched to British Petroleum’s fuel and lubricants and to the products of their well-known Castrol brand, and in 2017 they also worked with McLaren Honda after Red Bull switched to Exxon Mobil.
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.
“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,” said Jerome Stoll, President of Renault Sport.
BP and Castrol brands will still appear on Renault’s F1 cars, more precisely on the new Renault R.S.18, which the team will present via online presentation on February 20th.
Of the three teams that will use Renault R.S.18 power units in 2018, Renault and McLaren will use BP Castrol fuels and lubricants while Red Bull will continue to use ExxonMobil products.