The brand new multi-year settlement which begins in 2023 will proceed its long-standing agreements with Crew Penske in NASCAR in addition to increase and enter new enterprise and technical relationships with Penske, the IndyCar Sequence and Indianapolis Motor Speedway.
First, Shell-Pennzoil will proceed its sponsorship within the NASCAR Cup Sequence of driver Joey Logano and his No. 22 Ford, serving as major sponsor for 30-plus races for the subsequent a number of seasons.
“It is a big announcement on so many ranges,” mentioned Logano, who has received 26 Cup races, the 2018 Daytona 500 and sequence championship with Penske. “If you consider the continuity on the No. 22 automobile and seeing the Shell/Pennzoil automobile on the observe for therefore a few years.
“I’m arising on my five hundredth profession begin and I feel round 350 could have Shell/Pennzoil on the automobile ultimately form or type. It’s one thing to be very happy with and it exhibits it’s been an awesome partnership.
“When one thing has lasted so long as it has and it’s nonetheless searching for methods to develop and proceed the connection that exhibits that it really works on each ends of the deal and a tell-tale signal of what a real partnership is.”
Logano’s present driving contract ends on the finish of the 2023 season however group proprietor Roger Penske mentioned a contract extension for Logano which is able to seemingly mirror the Shell contract ought to come “shortly.”
“We’ve got an settlement with Joey by way of 2023. Clearly, he and I’ve talked about extending it however we wished to get the Shell contract achieved, which we’ve achieved this previous week,” Penske mentioned. “He and I are in good dialog about it and we anticipate to announce his extension right here shortly.”
The second-biggest a part of the Shell deal – and a brand new part – is starting in 2023, Shell will change into the official gasoline of the IndyCar Sequence.
Since 2019, Speedway LLC, a subsidiary of Marathon Petroleum Corp., has been the official gasoline and official comfort retailer chain of the IndyCar Sequence, IMS and the Indianapolis 500.
Speedway at present produces the variation of E85, which comprises 85-percent ethanol and 15-percent high-octane racing gasoline the sequence makes use of.
“From a Penske-perspective, we construct our firm on partnerships and the one we began approach again in 1981 is not only a sponsorship, it’s a business-to-business alliance,” Penske mentioned. “We’re doing enterprise with Shell is many elements of the world – the U.S., Canada, Germany and likewise Australia.
“As now we have invested in Indianapolis Motor Speedway and the IndyCar Sequence a lot of companions have wished to be a part of our journey with us and I’ve to say Shell has been a pacesetter in that space.”
Joey Logano, Crew Penske, Shell Pennzoil Ford Mustang
Picture by: Jasen Vinlove / NKP / Motorsport Images
Among the many different parts of the brand new and expanded deal:
– Pennzoil will proceed to function the “Official Provider of Lubricants” for Crew Penske.
– Shell and Pennzoil can even be major sponsors for 2 of Crew Penske’s entries within the Indianapolis 500. Two-time IndyCar Sequence champion Josef Newgarden will race the No. 2 Shell V-Energy Chevrolet and Scott McLaughlin will compete within the No. 3 Pennzoil Chevy at Indianapolis.
– Pennzoil will lengthen its sponsorship because the Official Motor Oil and Lubricant Provider of the Indianapolis Motor Speedway and IndyCar.
– Pennzoil will proceed to sponsor the Pennzoil 150 on the Brickyard NASCAR Xfinity Sequence race at IMS in July.
– Shell and Pennzoil will proceed to function the popular gasoline and lubricant provider for Penske Transportation Options and Penske Automotive Group.
Scott McLaughlin, Crew Penske Chevrolet
Picture by: Geoffrey M. Miller / Motorsport Images
Shell/Pennzoil and Crew Penske reunited in 2011, constructing on a racing legacy that was established within the Eighties. Pennzoil first aligned with Crew Penske as a sponsor of its IndyCar program in 1983 and received two Indianapolis 500 races (1984 and 1988) with driver Rick Mears.
Collectively, Crew Penske and Shell/Pennzoil have received 96 races collectively, together with Logano’s latest win at Darlington (S.C.) Raceway, which locked him into this season’s NASCAR playoffs.