Saudi Aramco, a global leader in the energy industry, has also established a strong presence in the sports field by sponsoring Formula 1 races in Jeddah, which have a wide audience. According to Nabil Al-Jamea who spoke with Al Arabiya.net, the Senior Vice President of Human Resources and Support Services at Saudi Aramco, Formula 1 is a popular sport that provides an excellent opportunity for the company to achieve its corporate goals and connect with a massive audience. The Formula 1 race has a huge fan base of over 500 million fans and 1.9 billion viewers, which means that sponsoring the event can help expand the Saudi Aramco brand and reach new markets and customers.
Al-Jamea also emphasized that the sponsorship is particularly important for improving the company’s position in the lubricant and retail market. As Saudi Aramco launches new oil lubricant products and fuel retailing, it establishes a direct relationship with consumers, which requires the company to strengthen its competitive position in this area. Therefore, sponsoring the Formula 1 race is a crucial step in this direction.
Solutions for Clean Transport Technology
During his speech, Al-Jameh stated that Saudi Aramco aims to take advantage of the sponsorship to promote clean transport technology solutions and introduce low-emission internal combustion engines to the public worldwide. He believes that advanced internal combustion engines will be a very effective way to reduce carbon dioxide in the short and medium term. This has led Saudi Aramco to partner with leading auto manufacturers and technology developers to support the development of internal combustion engine models, low-emission technologies, and hybrid solutions. Improving the efficiency of internal combustion engines and the advanced fuel formulations required for them can significantly reduce the total volume of greenhouse gas emissions in the transport sector.
Development of Engine Technology
Regarding Saudi Aramco’s efforts to position itself as a technical entity capable of contributing to the development of engine technologies and improving their performance efficiency, Al-Jamaa stated that the sponsorship of these races by Saudi Aramco is in line with Formula 1’s commitment to becoming carbon neutral by 2030. The company has been tirelessly striving to achieve its goal of achieving zero net emissions for bands 1 and 2 in greenhouse gases through its wholly owned and operated business facilities since 2050.
Furthermore, Al-Jamaa pointed out that Formula 1 is at the forefront of automotive technology innovators with a global platform that supports efficient internal combustion engines and technologies that reduce emissions. This aligns with Saudi Aramco’s research on developing more efficient fuels and internal combustion engines, as well as developing sophisticated power and engine systems that use both gasoline and diesel. Their goal is to develop and use oil-based fuel engine systems that are efficient, sustainable, and cost-effective.
Saudi Aramco’s technical interests have expanded to include many areas related to its business, including the use of non-metallic materials like carbon fibers, which are essential for developing lighter vehicles like Formula 1 cars. This contributes to increasing the speed and stability of the car, while also improving its safety standards.
Occupation Technology
Saudi Aramco has an important role to play in utilizing technology to achieve its sustainability goals. Technology is largely linked to efforts to achieve sustainability. At a time when Saudi Aramco is actively involved in the clean energy transition, there is an expectation of significant long-term energy demand growth. There will be a continued increase in demand for oil, gas, and petrochemicals in the coming decades. This requires the world to find ways to meet this growing demand while moving towards low-carbon energy systems to tackle climate change. Through the application of valid technologies and measures, it is possible to tackle both these challenges simultaneously.
The team at Saudi Aramco’s global research and development company is working with major car manufacturers and technology developers to step up efforts to develop internal combustion engine models, low-emission technologies, and efficient hybrid engine solutions. At the same time, the company is implementing advanced research and development processes to achieve a transformation in the field of internal combustion engines. This is happening at a time when the world is still relying on this type of engine to make transport fleets work.
Security Value
During an interview, Al-Jamaa, a senior executive at Saudi Aramco, spoke about the company’s investment in safety. He emphasized that safety is at the core of the company’s business and an integral part of its operations. Saudi Aramco sponsors Formula 1 races and focuses on improving safety and performance. The company’s engineers use advanced technologies such as artificial intelligence, big data, and Fourth Industrial Revolution technologies to monitor every part of the car during the race to ensure safety.
The Vice President of Saudi Aramco’s human resources and support services also explained that the company’s engine development has been instrumental in advancing Formula 1. The hybrid powertrains used in Formula 1 are more efficient than traditional gasoline and diesel engines. Saudi Aramco’s Formula 1 engines and fuel technologies can also help the sport achieve its carbon neutrality goal by 2030, which aligns with the global push to reduce greenhouse gas emissions.
Al-Jamaa also mentioned that the company’s development of new types of fuels, such as synthetic renewable fuels, can have an immediate global impact on greenhouse gas emissions. With 90% of the world’s cars running on gasoline and diesel engines, the adoption of these new types of fuels on a large scale could significantly reduce emissions. By investing in these technologies and sponsoring Formula 1 races, Saudi Aramco is demonstrating its commitment to safety, performance, and environmental sustainability.
Develop Human Skills
At the end of his speech, Al-Jamaa highlighted Saudi Aramco’s commitment to accelerating the development of human potential through Formula 1 racing. He mentioned that for nearly nine decades, Saudi Aramco has been involved in developing human skills and supporting the company’s growth. He emphasized the company’s sponsorship of Formula 1 events in schools as an example of Saudi Aramco’s interest in promoting the abilities of young people to pursue careers in fields such as science, technology, engineering, and mathematics.
The company’s fundamental focus is on building capacity and accelerating the development of human potential through the next generation of talented young people. It provides them with the necessary tools to transform their ideas into reality. Saudi Aramco’s efforts include building technology-based classrooms, creating summer programs for various fields of science, and striving to accelerate the ability of young people to make a difference and deliver solutions that help their companies take the next leap in income.
Through collaboration with the Formula 1 School Program, Saudi Aramco aims to reach new levels of participation by engaging with young people around the world.
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