Annual report pursuant to Section 13 and 15(d)

PROPERTY, PLANT AND EQUIPMENT (Tables)

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PROPERTY, PLANT AND EQUIPMENT (Tables)
 12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Schedule of Property, Plant and Equipment
Property, plant, and equipment as of December 31, 2023 and December 31, 2022 are as follows:
(in thousands) December 31, 2023 December 31, 2022
Land $ 7,856  $ 7,856 
Office equipment 776  658 
Buildings 2,857  2,684 
Refinery and industrial equipment 90,314  89,447 
Transportation equipment 469  469 
Construction in process 952,991  452,735 
Construction period interest 217,152  95,796 
Total cost $ 1,272,415  $ 649,645 
Less accumulated depreciation (2,228) (1,112)
Property, plant and equipment, net $ 1,270,187  $ 648,533