Quarterly report pursuant to Section 13 or 15(d)

PLANT, PIPELINE AND EQUIPMENT

PLANT, PIPELINE AND EQUIPMENT

9 Months Ended

Sep. 30, 2019

Property, Plant and Equipment [Abstract]

Plant, pipeline and equipment consisted of the following:



	September 30, 2019			December 31, 2018
	(thousands of dollars)
Platinum catalyst metal	$	1,580		$	1,612
Catalyst	4,387			3,131
Land	5,428			5,428
Plant, pipeline and equipment	259,435			253,905
Construction in progress	4,442			4,343
Total plant, pipeline and equipment	$	275,272		$	268,419
Less accumulated depreciation	(84,927		)	(73,762		)
Net plant, pipeline and equipment	$	190,345		$	194,657

Plant, pipeline, and equipment serve as collateral for our amended and restated credit agreement. See Note 10.

Labor capitalized for construction was approximately nil and $0.1 million for the three months and $0.1 million and $2.2 million for the nine months ended September 30, 2019 and 2018, respectively.

Construction in progress during the first nine months of 2019 included Advanced Reformer unit improvements and pipeline maintenance at SHR and equipment modifications at TC. Construction in progress during the first nine months of 2018 included equipment purchased for various equipment updates at the TC facility, the Advanced Reformer unit, tankage upgrades, and an addition to the rail spur at SHR.

Amortization relating to the catalyst, which is included in cost of sales, was approximately $0.2 million and nil for the three months and $0.7 million and nil for the nine months ended September 30, 2019 and 2018, respectively.