Quarterly report pursuant to Section 13 or 15(d)

PLANT, PIPELINE AND EQUIPMENT

v3.20.1
PLANT, PIPELINE AND EQUIPMENT
3 Months Ended
Mar. 31, 2020
Property, Plant and Equipment [Abstract]  
PLANT, PIPELINE AND EQUIPMENT
PLANT, PIPELINE AND EQUIPMENT

Plant, pipeline and equipment consisted of the following:
 
 
March 31, 2020

 
December 31, 2019

 
 
(thousands of dollars)
Platinum catalyst metal
 
$
1,580

 
$
1,580

Catalyst
 
4,225

 
4,095

Land
 
5,428

 
5,428

Plant, pipeline and equipment
 
260,892

 
258,651

Construction in progress
 
4,673

 
5,052

Total plant, pipeline and equipment
 
$
276,798

 
$
274,806

Less accumulated depreciation
 
(89,587
)
 
(85,887
)
Net plant, pipeline and equipment
 
$
187,211

 
$
188,919



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

Labor capitalized for construction was approximately nil and $0.1 million for the three months ended March 31, 2020 and 2019, respectively.

Construction in progress during the first three months of 2020 included Advanced Reformer unit improvements and pipeline maintenance at SHR and equipment modifications at TC. Construction in progress during the first three 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 nil for the three months ended March 31, 2020 and 2019, respectively.