PHILADELPHIA--(BUSINESS WIRE)--Sunoco, Inc. (NYSE: SUN) said today that it has signed an agreement with Indy Racing League to become the Official Fuel of the Indy Racing League, IZOD Indy Car Series and Firestone Indy Lights/Road to Indy beginning in 2011 and running through 2014.
A world leader in the manufacture and sale of racing fuels, Sunoco will team with APEX-Brasil and UNICA to promote these racing series, which run almost exclusively on ethanol.
“Indy car racing is an exciting sport with passionate fans that value innovation, technology improvements, and a green approach to renewable fuels,” said Robert W. Owens, Sunoco’s senior vice president of marketing. “We are thrilled to have the chance to supply the fuel used in one of the greatest events in motorsports – the annual Indianapolis 500. There is no better showcase of our fuel’s quality.”
Commenting on the agreement, Randy Bernard, chief executive officer, Indy Racing League said, “We are pleased to announce this partnership with Sunoco, a company with a great deal of passion for motorsports. We feel our key brand attributes of innovation, technology and greening align well with Sunoco and will provide a great retail platform to jointly promote the sport. We’re looking forward to working with Sunoco on creating in-store and at-pump activation initiatives to raise awareness of the IZOD Indy Car Series.”
This agreement is the latest milestone in a long history of partnership between Sunoco and open wheel racing, including the team of Roger Penske and Mark Donahue winning the 1972 Indianapolis 500 with a Sunoco-sponsored car. This duo succeeded in capturing several sports car championships, including SCCA, Can Am, and the inaugural Indy car race at Pocono Raceway.
Together with the 2009 acquisition of Sunoco’s ethanol manufacturing facility in Fulton, N.Y., this agreement with Indy Racing League demonstrates the company’s commitment to providing alternative fuel options as customer demand and marketplace opportunities develop.
Sunoco, Inc., headquartered in Philadelphia, Pa., is a leading manufacturer and marketer of petroleum and petrochemical products. With 675,000 barrels per day of refining capacity, approximately 4,700 retail sites selling gasoline and convenience items, and an ownership interest in approximately 6,000 miles of crude oil and refined product pipelines and 41 product terminals, Sunoco is one of the largest independent refiner-marketers in the United States. Utilizing a technology with several proprietary features, Sunoco's cokemaking facilities in the United States have the nominal capacity to manufacture approximately 3.67 million tons annually of high-quality metallurgical-grade coke for use in the steel industry. Sunoco also is the operator of, and has an equity interest in, a 1.7 million tons-per-year cokemaking facility in Vitória, Brazil.