Quarterly report pursuant to Section 13 or 15(d)

PROPERTY, PLANT AND EQUIPMENT

v3.21.2
PROPERTY, PLANT AND EQUIPMENT
 6 Months Ended
Jun. 30, 2021
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment consisted of the following:
June 30, 2021 December 31, 2020
  (thousands of dollars)
Platinum catalyst metal $ 1,553  $ 1,580 
Catalyst 4,325  4,325 
Land 5,428  5,428 
Plant, pipeline and equipment 276,223  270,149 
Construction in progress 9,041  6,422 
Total property, plant and equipment $ 296,570  $ 287,904 
Less accumulated depreciation (108,461) (100,800)
Total property, plant and equipment, net $ 188,109  $ 187,104 
Property, plant and equipment serve as collateral for our amended and restated credit agreement. See Note 11.
Labor capitalized for construction was approximately $0.1 million and $0.1 million for the three months and $0.4 million and $0.1 million for the six months ended June 30, 2021 and 2020, respectively.
Construction in progress during the first six months of 2021 included costs for rebuild and restoration of a distillation tower. Construction in progress during the first six months of 2020 included Advanced Reformer unit improvements and pipeline maintenance at SHR and equipment modifications at TC.
Amortization relating to the catalyst, which is included in cost of sales, was approximately $0.2 million and $0.2 million for the three months and $0.5 million and $0.4 million for the six months ended June 30, 2021 and 2020, respectively.