PLANT, PIPELINE AND EQUIPMENT
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9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2014
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PLANT, PIPELINE AND EQUIPMENT [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
PLANT, PIPELINE AND EQUIPMENT |
5. PLANT, PIPELINE AND EQUIPMENT
Plant, pipeline and equipment 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 2014 included preparation for the D Train expansion, construction of additional warehousing, installation of additional truck loading stations, and various other improvements facility-wide.
Amortization relating to the platinum catalyst which is included in cost of sales was $21,067, $9,558, $63,202 and $28,674 for the three and nine months ended September 30, 2014, and 2013, respectively.
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