Selman Akyol: And any idea on when some of that might come to fruition?
Randy Tauscher: Yes. I mean it’s the same as when we spoke 60 days ago. The projects have been delayed, and we anticipate significant sales to begin occurring in the second half of 2025, which is about a year delay from when we entered into this project several years ago.
Selman Akyol: Right. And then — but just when you get your oleum tower up and complete, we should still expect some revenue in the fourth quarter?
Randy Tauscher: Yes. When we get the oleum tower up and complete, and the ELSA plan is commissioned, we will start receiving a reservation fee. And that’s what the capital that we spent to construct the holding tower and the tie-ins and that will happen no later than October 2024.
Selman Akyol: Got it. Got it. And then just kind of going back to transportation, anything in terms of just sort of like potentially new contracts you guys could be inking out there? Are you seeing any sort of increased demand for your services?
Randy Tauscher: I would say that we would define the services in both the marine and the trucking as stable. We’re not looking at any new opportunities for significant growth in this business, just utilizing our current assets and possibly some incremental growth on the trucking side to the extent we think we can get the truck driver, get all the equipment we need to do it and be able to sell the services.
Selman Akyol: Okay. Last one for me. On the turnaround expense for you guys, was there anything unusual about that? I mean, it just seems awfully large to us. I’m just trying to understand, was there something unusual? Or are we just seeing inflation there?
Randy Tauscher: We had a heavy turnaround year. Inflation is certainly part of that equation, Selman. But we have a heavy year. We budgeted at the beginning of the year, $32 million were still there. The first quarter, we had a significant part of that because we had a refinery turnaround in the first quarter, and that was in excess of $5 million. That’s an every other year event in the second quarter. So you’re not surprised we’ll also be large I would say by the end of the second quarter of our $32 million, we’re going to have spent $24.5 million to $26.5 million because of the refinery, because of the Plainview turnaround that we move forward this year earlier than typical, so we can tie into DSM Semichem and provide good operations for them going forward.
And then because of the maintenance program we’ve had on the marine vessel which were very heavy this year. We have both offshore units already in the shipyard this year and then we had about 40% of our barges and vessels had to go this year. And that’s all just regulatory driven and timing driven.
Operator: That concludes our question-and-answer session. I will now turn the call back over to Bob Bondurant for closing remarks.
Bob Bondurant: Thank you, operator. I want to thank Kyle and Selman for the questions and interest today. And we look forward to continuing to execute our business plan and feel optimistic about our future performance. This will conclude our first quarter call.
Operator: This concludes today’s conference call. Thank you for your participation, and you may now disconnect.
