Sunoco and Energy Transfer Sign First Joint Multi-Year Partnership With Stake F1 Team KICK Sauber
23 Februar 2024 - 5:00PM
Business Wire
Sunoco branding to be unveiled at the 2024
Miami Grand Prix in Miami
Energy Transfer branding to be unveiled at the
2024 United States Grand Prix in Austin, Texas
Sunoco LP (NYSE: SUN) and Energy Transfer LP (NYSE: ET), both
based in Dallas, announced today they have signed an agreement with
Switzerland-based Sauber Motorsport to sponsor its Stake F1 Team
KICK Sauber, marking the first time these two companies have
entered a marketing partnership. The two-year partnership agreement
commences with the 2024 season and entitles the companies to
certain sponsorship rights for three Formula 1 Grand Prix races in
the U.S.
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the full release here:
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SUNOCO AND ENERGY TRANSFER SIGN FIRST
JOINT MULTI-YEAR PARTNERSHIP WITH STAKE F1 TEAM KICK SAUBER (Photo:
Business Wire)
The cornerstone of the sponsorship is brand visibility for both
Sunoco and Energy Transfer on the new C44 Stake F1 Team car
revealed in Hinwil, Switzerland earlier this month. Per the terms
of the contract, Sunoco branding will be displayed on the Stake F1
car for the Miami and Las Vegas Grands Prix in May and November
respectively, while Energy Transfer’s branding will be featured on
the Stake F1 car for the United States Grand Prix in Austin in
October.
Sunoco LP (NYSE: SUN) is a master limited partnership
with core operations that include the distribution of motor fuel to
approximately 10,000 convenience stores, independent dealers,
commercial customers and distributors located in more than 40 U.S.
states and territories as well as refined product transportation
and terminalling assets. SUN's general partner is owned by Energy
Transfer LP (NYSE: ET).
Energy Transfer LP (NYSE: ET) owns and operates one of
the largest and most diversified portfolios of energy assets in the
United States, with more than 125,000 miles of pipeline and
associated energy infrastructure. Energy Transfer’s strategic
network spans 44 states with assets in all of the major U.S.
production basins. Energy Transfer is a publicly traded limited
partnership with core operations that include complementary natural
gas midstream, intrastate and interstate transportation and storage
assets; crude oil, natural gas liquids (“NGL”) and refined product
transportation and terminalling assets; and NGL fractionation.
Energy Transfer also owns Lake Charles LNG Company, as well as the
general partner interests, the incentive distribution rights and
approximately 34% of the outstanding common units of Sunoco LP
(NYSE: SUN), and the general partner interests and approximately
46% of the outstanding common units of USA Compression Partners, LP
(NYSE: USAC). For more information, visit the Energy Transfer LP
website at www.energytransfer.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240223759441/en/
Sunoco Media Relations: Alexis Daniel 214-840-5820
Energy Transfer Media Relations: Vicki Granado 214-981-0761
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