PLANT, PIPELINE AND EQUIPMENT (Tables)

3 Months Ended

Mar. 31, 2015

PLANT, PIPELINE AND EQUIPMENT [Abstract]

Plant, Pipeline and Equipment

Plant, pipeline and equipment consisted of the following:

	March 31, 2015			December 31, 2014
	(thousands of dollars)
Platinum catalyst	$	1,612		$	1,612
Land		4,577			4,577
Plant, pipeline and equipment		96,271			95,351
Construction in progress		18,186			11,590
Total plant, pipeline and equipment		120,646			113,130
Less accumulated depreciation		(41,277	)		(39,319	)
Net plant, pipeline and equipment	$	79,369		$	73,811