PLANT, PIPELINE AND EQUIPMENT (Tables)

3 Months Ended

Mar. 31, 2016

PLANT, PIPELINE AND EQUIPMENT [Abstract]

Plant, Pipeline and Equipment

Plant, pipeline and equipment consisted of the following:

	March 31, 2016			December 31, 2015
	(thousands of dollars)
Platinum catalyst	$	1,612		$	1,612
Land		4,577			4,577
Plant, pipeline and equipment		130,081			128,302
Construction in progress		14,804			8,980
Total plant, pipeline and equipment		151,074			143,471
Less accumulated depreciation		(48,687	)		(46,564	)
Net plant, pipeline and equipment	$	102,387		$	96,907