Speaking at the event, Team Principal & CEO Toto Wolff said: "PETRONAS demonstrates through Formula One that it is a world leader in the global fluids industry - and this new facility reflects the scale of the company's ambitious development programme.
"After visiting this state-of-the-art facility in Turin, and meeting the talented scientists who will be working here, it's clear how committed PETRONAS is to investing in an even brighter future through research and technology.
"As a racing team, we are responsible for developing the next generation of technologies for the world's leading automotive manufacturer - and our mission is mirrored by PLI's new Global R&T Centre in Turin."
Dato Sri Syed Zainal Abidin Syed Mohd Tahir, PETRONAS Vice President of Downstream Marketing, added: "FTS is the cornerstone of the technology that enables our partners like the Mercedes-AMG Petronas Motorsport team to maximize their winning potential every time they go out on the track.
"Our track-to-road engineering has been mutually beneficial for both PETRONAS and Mercedes in developing products for their customers."