Riyadh, SPA:
Saudi Basic Industries Corporation (SABIC) and Formula E have announced a long-term sponsorship and innovation partnership, which will launch with title sponsorship of the 2022 SABIC London E-Prix double-header at ExCeL London, 30 & 31 July.
The partnership will see Formula E and SABIC drive electrification and sustainability together through the power of the world’s foremost electric motorsport series.
“We are excited to partner with Formula E,” said SABIC Vice-Chairman and CEO, Yousef Al-Benyan. “Our sponsorship will drive global visibility of the SABIC brand within a relevant, exciting, and growing global sports platform. In addition, we intend to collaborate closely with Formula E to integrate our sustainable solutions into their ecosystem and operations.”
“This offers SABIC a unique opportunity to transfer our innovations from Formula E into the broader automotive and EV industries benefiting our customers and partners and demonstrating our ability to support the world’s transition to EV and a more sustainable future.”
Formula E Founder and Chairman, Alejandro Agag, said: "We welcome SABIC to the ABB FIA Formula E World Championship. The 2022 SABIC London E-Prix is the beginning of a progressive and innovative partnership that will have a positive impact on our mission to drive sustainable human progress through the power of electric racing.”