Dhahran, September 03, 2022, SPA -- Formula Motorsport Limited (FML) have today signed a Memorandum of Understanding (MoU) with Formula 1 Global Partner, Aramco, to introduce the use of sustainable fuels in both championships from 2023. It 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. 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. 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 rolled out to the world’s existing automotive fleet — helping to reduce global transport emissions. Mohammed Ben Sulayem, FIA President, said: “Sustainability is at the top of the global motor sport agenda, and it is vital to see this work not only going on in Formula 1, but also in Formula 2, Formula 3 and throughout the entire ecosystem. Our sport is developing and evolving rapidly and it will continue to lead the way, pioneering the technologies, including sustainable fuels, that will be crucial to tackle climate change. We are a key part of the solution to the problems we are facing worldwide.” Stefano Domenicali, President and CEO, Formula 1, said: “Aramco is a leader in this space and, subject to the approval of the FIA World Motor Sport Council, will deliver our sustainable fuel ambitions, working closely with our colleagues in F2 and F3, who not only bring through the drivers of the future but offer a superb testing ground for the latest engineering in motorsport. In 2026, F1 will move to zero-emission sustainable fuel that offers a game-changing solution for the automotive sector and beyond. With the support of Aramco and all our manufacturers, we can accelerate the sector’s move to net zero.” Ahmad Al Sa’adi, Senior Vice President of Technical Services, Aramco, said: “Aramco’s ambition is to achieve net-zero Scope 1 and Scope 2 emissions across our wholly-owned operated assets by 2050. Moreover, we recognize the need to work closely with our suppliers and customers to reduce emissions along the entire value chain of our products. This includes those in the transportation sector, where our approach includes redesigning internal combustion engines, and the fuels that power them. Our sustainable fuels partnership with F2 and F3 will be an extension of these efforts, and we are extremely enthusiastic about its potential.” Ahmad Al-Khowaiter, Chief Technology Officer, Aramco, said: “Aramco is leveraging its unique scale, global network, and technological expertise to help deliver low-carbon transport solutions. We believe strongly in the power of partnerships and, through our collaboration with F2 and F3, we aim to demonstrate the significant potential of liquid synthetic fuels. We are exploring practical solutions that can enable decarbonization of the transport sector, from low-carbon fuels and more efficient engines to cutting-edge materials and carbon capture technology. By teaming up with F2 and F3 on this journey, we hope to make a positive impact by enabling emissions reduction in motorsport and, ultimately, the broader transportation sector.” Bruno Michel, CEO, FIA Formula 2 and FIA Formula 3, said: "Sustainability is a top priority in today’s world, and we have been working on making our sport more sustainable for some time now. The goal to switch to synthetic fuel can only be achieved through the partnership with a company of the scale of Aramco, which is determined to produce advanced sustainable fuel in the near future. It’s easier to implement such a significant change in F2 and in F3, as they are single-make categories with single suppliers. We’re very happy to undertake an innovation role – as we did last season with the introduction of the 18-inch tires now used in F1 – and take the first steps towards synthetic sustainable fuel.” --SPA 00:11 LOCAL TIME 21:11 GMT 0001 www.spa.gov.sa/w1780265