KSA Business: Formula Motorsport, Aramco to pioneer low-carbon fuels from 2023 – Gulf Digital News

  • Date: 03-Sep-2022
  • Source: Gulf Digital News
  • Sector:Oil & Gas
  • Country:Saudi Arabia
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KSA Business: Formula Motorsport, Aramco to pioneer low-carbon fuels from 2023 – Gulf Digital News

Formula Motorsport Limited (FML) said it has signed a MoU with Formula 1 global partner, Aramco, to introduce the use of sustainable fuels in both championships from 2023.

The agreement is subject to FIA World Motor Sport Council approval. It will form part of the wider sustainability strategy announced by the FIA and Formula 1, which will see the sport become net zero carbon by 2030.

FML said the deal demonstrates how the FIA Formula 2 and Formula 3 Championships are pioneers in this important area of development, while continuing to bring the FIA Formula One World Champions of the future through the single-seater pyramid.

By 2026, all FIA Championships will be required, by regulation, to power their cars with 100% sustainable fuels. A key milestone in the journey will be the introduction of a 100% sustainable fuel from the 2026 F1 season, alongside the next generation hybrid power units.

Motor sport continues through these innovations not only to promote, but also to be at the forefront of the creation of the multiple technologies that will play a critical role in the future of the entire transportation industry.

Aramco is working on the development of sustainable fuels as a “drop-in” technology, meaning they could be