PLANT, PIPELINE AND EQUIPMENT (Tables)
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6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2012
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PLANT, PIPELINE AND EQUIPMENT [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Plant, pipeline and equipment |
Plant, pipeline, and equipment serve as collateral for a $14.0 million term loan with a domestic bank (see Note 7).
Construction in progress during the first six months of 2012 included installation of tankage, reworking an existing tower, and preliminary pipeline upgrades.
Amortization relating to the platinum catalyst which is included in cost of sales was $3,184, $3,280, 6,368 and $6,561 for the three and six months ended June 30, 2012, and 2011, respectively.
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