Quarterly report pursuant to Section 13 or 15(d)

PROPERTY, PLANT AND EQUIPMENT (Details)

v3.22.2.2
PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Property, plant and equipment, cost $ 609,111,479 $ 354,213,568
Less accumulated depreciation (1,281,022) (360,637)
Property, plant and equipment, net 607,830,457 353,852,931
Land [Member]    
Property, plant and equipment, cost 7,855,872 7,855,872
Office equipment [Member]    
Property, plant and equipment, cost 2,000,240 1,980,160
Buildings [Member]    
Property, plant and equipment, cost [1] 2,053,570 5,486,575
Gross assets under finance lease   3,400,000
Finance lease right of asset accumulated depreciation and amortization   0
Refinery and industrial equipment    
Property, plant and equipment, cost 87,464,149 87,072,163
Transportation Equipment [Member]    
Property, plant and equipment, cost 468,587 421,302
Construction in progress [Member]    
Property, plant and equipment, cost 431,012,157 209,775,838
Construction period interest [Member]    
Property, plant and equipment, cost $ 78,256,904 $ 41,621,658
[1] Includes assets under finance lease of $3.4 million, less accumulated depreciation of $0.0 million as of December 31, 2021. The related amortization expense for assets under finance lease is included in depreciation on our consolidated statement of operations. The lease was reassessed in September 2022 which resulted in reclassification of the finance lease as an operating lease. See Note K.