PLANT, PIPELINE AND EQUIPMENT
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9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2012
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PLANT, PIPELINE AND EQUIPMENT [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
PLANT, PIPELINE AND EQUIPMENT |
Plant, pipeline and equipment at September 30, 2012, and December 31, 2011, consisted of the following:
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 nine months of 2012 included installation of tankage, reworking an existing tower, and upgrading and expanding pipelines.
Amortization relating to the platinum catalyst which is included in cost of sales was $3,184, $3,280, $9,552 and $9,842 for the three and nine months ended September 30, 2012, and 2011, respectively.
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