Quarterly report pursuant to Section 13 or 15(d)

PROPERTY, PLANT AND EQUIPMENT (Tables)

v3.23.3
PROPERTY, PLANT AND EQUIPMENT (Tables)
9 Months Ended
Sep. 30, 2023
Property, Plant and Equipment [Abstract]  
Schedule of Property, Plant and Equipment
Property, plant, and equipment as of September 30, 2023 and December 31, 2022 are as follows:
 
 
 
September 30, 2023
 
 
December
 
31,
 
2022
 
Land
 
$
7,855,872
 
 
$
7,855,872
 
Office equipment
 
 
1,851,401
  
  
  
2,047,549
 
Buildings
 
 
2,684,402
 
 
 
2,684,402
 
Refinery and industrial equipment
 
 
88,575,526
  
  
  
88,057,913
 
Transportation equipment
 
 
468,587
 
 
 
468,587
 
Construction in process
 
 
483,590,373
  
  
  
452,735,198
 
Construction period interest
 
 
169,203,447
 
 
 
95,795,804
 
Total cost
 
$
754,229,608
  
  
$
649,645,325
 
Less accumulated depreciation
 
 
(1,952,214)
 
 
 
(1,112,498
)
Property, plant and equipment, net
 
$
752,277,394
  
  
$
648,532,827