PLANT, PIPELINE AND EQUIPMENT (Tables)

9 Months Ended

Sep. 30, 2013

PLANT, PIPELINE AND EQUIPMENT [Abstract]

Plant, pipeline and equipment consisted of the following:

	September 30, 2013			December 31, 2012
	(thousands of dollars)
Platinum catalyst	$	1,612		$	1,612
Land		1,577			1,577
Plant, pipeline and equipment		66,117			64,356
Construction in progress		4,329			937
Total plant, pipeline and equipment		73,635			68,482
Less accumulated depreciation and amortization		(31,764	)		(28,062	)
Net plant, pipeline and equipment	$	41,871		$	40,420

- Definition

Tabular disclosure of the useful life and salvage value of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

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