PLANT, PIPELINE AND EQUIPMENT
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3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2015
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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 our amended and restated loan agreement (see Note 8).
Interest capitalized for construction for the three months ended March 31, 2015, and 2014, was approximately $27,000 and $0, respectively.
Construction in progress during the first three months of 2015 included petrochemical construction on the D Train expansion, purchase of additional manufacturing equipment such as towers and tanks, additions to the tank farm, upgrades to the electrical and flaring systems, and initial construction on the specialty wax hydrogenation project.
Amortization relating to the platinum catalyst which is included in cost of sales was $21,067 for the three months ended March 31, 2015, and 2014.
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