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Mercedes F1 signs extends $75 million per year Petronas deal
The Mercedes Formula One team and Petronas have extended their multi-year title sponsorship deal worth US$75 million per year, taking the contract past its current 2026 expiration.
As part of the early renewal deal, the two parties will work towards the 100 percent sustainable fuel due to debut in the global motorsport series in 2026.
As the new engine regulations require a 50 percent electrification of the power unit, the early renewal allows for a more focused approach without distractions by contract negotiations.
The partnership, which began in 2010, will also include more focus on new sustainable technology solutions beyond the racetrack.
The Brackley-based racing outfit has already progressed in this direction, including plans to use Sustainable Aviation Fuel for its air travel and Hydrotreated Vegetable Oil biofuel for its road freight in efforts to lower its CO2 emissions towards being net zero carbon by 2030.
According to Toto Wolff, Mercedes Formula One’s team principal, from 2026, advanced sustainable fuel will be at the heart of Formula One performance through both the power unit and Petronas Fluid Technology Solutions.
The Malaysian oil and gas giant Petronas already provides advanced sustainable E10 gasoline as standard for the current engine requirements for Mercedes and their customer teams, and it is making additional efforts to make sure it is prepared for the future.