PROPERTY, PLANT AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2013

Property, Plant and Equipment [Abstract]

Property, plant and equipment consisted of the following:



	December 31, 2013			December 31, 2012
Land	$	61,780		$	61,780
Process units, pipelines and equipment	1,658,256			1,484,727
Buildings and leasehold improvements	25,577			11,073
Computers, furniture and fixtures	54,496			38,657
Construction in progress	166,565			145,525
	1,966,674			1,741,762
Less—Accumulated depreciation	(185,085		)	(106,175		)
	$	1,781,589		$	1,635,587

The Company commenced the restart of the Delaware City refinery during June 2011 and began depreciating the assets placed in service effective July 1, 2011. Depreciation expense for the years ended December 31, 2013, 2012 and 2011 was $79,413, $64,947 and $39,968, respectively. The Company capitalized $5,672 and $6,697 in interest during 2013 and 2012, respectively, in connection with construction in progress.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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