OneOk and MPLX Join Hands to Achieve Full Vertical Integration for NGLs

February 5, 2025

OneOk and MPLX have entered into definitive agreements to form a strategic joint venture to construct a 400 MBPD liquified petroleum (LPG) export terminal in Texas City, TX.  The proposed large-scale LPG export terminal will complete OneOk’s and MPLX’s full vertical integration of its’ NGL midstream value chain. In addition, the parties will join to build a 24-inch pipeline from OneOk’s Mont Belvieu storage facility to the new export terminal, thus completing necessary infrastructure segment to support proposed export capacity. This vertical integration will provide additional optionality to their customers, boost their competitiveness with “Mont Belvieu Export Club” and support their strategic plans for future long-term growth.