BRIEF-Saudi Aramco Updates on MoU with P1 Racing Fuels and WRC Promoter

SAUDI ARABIAN OIL CO: * ARAMCO AND P1 RACING FUELS PARTNER WITH FIA WORLD RALLY CHAMPIONSHIP TO SUPPORT TRANSITION TO SUSTAINABLE FUELS

* SIGNED MOU WITH P1 RACING FUELS AND WRC PROMOTER GMBH, COMMERCIAL RIGHTS OWNER OF FIA WORLD RALLY CHAMPIONSHIP (WRC) * UNDER MOUS, ARAMCO AND P1 RACING FUELS WILL COLLABORATE ON FORMULATION OF ADVANCED-GENERATION BIOFUELS AND SUSTAINABLE SYNTHETIC FUELS DERIVED FROM CAPTURED CO2 AND LOW-CARBON HYDROGEN, WHICH WILL BE USED IN WRC

* PARTNERSHIP WILL ALSO EXPLORE USE OF LOW-CARBON FUELS TO POWER AUXILIARY ON-SITE GENERATORS Further company coverage:

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