BASE OIL MANUFACTURER BREAKS GROUND ON $30 MILLION PROJECT

CHESTER COUNTY, S.C. — Southeastern Petroleum and its majority stakeholder, Pesco-Beam Environmental Solutions, have broken ground on a $30 million facility in Chester County. The project has created 24 new jobs. Southeastern Petroleum manufactures environmentally friendly base oils used in lubrication production and estimates an annual output of 10 million gallons from the new property. Plans also call for a research and development center for Pesco-Beam.