PLANT, PIPELINE AND EQUIPMENT |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2011 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
PROPERTY, PIPELINE AND EQUIPMENT [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
PROPERTY, 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 nine months of 2011 included construction of a toll processing pilot plant, installation of tankage, reworking an existing tank, and upgrading an existing unit.
Amortization relating to the platinum catalyst which is included in cost of sales was $3,280 and $3,280 for the three months ended September 30, 2011, and 2010, respectively and $9,842 and $9,842 for the nine months ended September 30, 2011, and 2010, respectively.
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