INVENTORIES

9 Months Ended

Sep. 30, 2021

Inventory Disclosure [Abstract]

INVENTORIES

INVENTORIES

Inventories consisted of the following:
	September 30, 2021		December 31, 2020
	(thousands of dollars)
Raw material	$	1,928	$	2,580
Work in process	187		138
Finished products	13,504		10,227
Total inventories	$	15,619	$	12,945

Inventory serves as collateral for our amended and restated credit agreement. See Note 11.

Inventory included Specialty Petrochemicals products in transit valued at approximately $4.0 million and $3.6 million at September 30, 2021 and December 31, 2020, respectively.