Quarterly report pursuant to Section 13 or 15(d)

PLANT, PIPELINE AND EQUIPMENT

PLANT, PIPELINE AND EQUIPMENT

9 Months Ended

Sep. 30, 2020

Property, Plant and Equipment [Abstract]

Plant, pipeline and equipment consisted of the following:


	September 30, 2020		December 31, 2019
	(thousands of dollars)
Platinum catalyst metal	$	1,580	$	1,580
Catalyst	4,328		4,095
Land	5,428		5,428
Plant, pipeline and equipment	266,128		258,651
Construction in progress	7,516		5,052
Total plant, pipeline and equipment	$	284,980	$	274,806
Less accumulated depreciation	(97,082)		(85,887)
Net plant, pipeline and equipment	$	187,898	$	188,919

Plant, pipeline, and equipment serve as collateral for our amended and restated credit agreement. See Note 11.

Construction in progress during the first nine months of 2020 included Advanced Reformer unit improvements and pipeline maintenance at SHR and equipment modifications at TC. Construction in progress during the first nine months of 2019 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 $0.2 million for the three months ended September 30, 2020 and 2019, respectively, and $0.7 million and $0.7 million for the nine months ended September 30, 2020 and 2019, respectively.