Quarterly report pursuant to Section 13 or 15(d)

PROPERTY, PLANT AND EQUIPMENT

v3.21.2
PROPERTY, PLANT AND EQUIPMENT
 9 Months Ended
Sep. 30, 2021
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment consisted of the following:
September 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 280,427  270,149 
Construction in progress 8,199  6,422 
Total property, plant and equipment $ 299,932  $ 287,904 
Less accumulated depreciation (112,365) (100,800)
Total property, plant and equipment, net $ 187,567  $ 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 $0.5 million and $0.1 million for the nine months ended September 30, 2021 and 2020, respectively.
Construction in progress during the first nine months of 2021 included costs for rebuild and restoration of a distillation tower. Construction in progress during the first nine months of 2020 included Advanced Reformer unit improvements and pipeline maintenance at SHR and equipment modifications at TC.