MPLX LP, a publicly listed firm, was formed as a master limited partnership.
The firm, domiciled in Ohio, was founded by Marathon Petroleum Corporation.
The company, founded in 2012, owns, acquires, develops refined products, crude oil and other midstream assets and hydrocarbon-based product pipelines.
The assets of the company include a network of various common carrier of product pipeline systems, crude oil and related storage assets, inland marine business, refinery tanks, light product terminals, loading racks, docks, and associated piping.
The firm’s common units trade on the New York Stock Exchange with the ticker of ‘MPLX’.
The American company owns natural gas and crude oil gathering pipeline and systems, natural gas liquids (NGLs) and natural gas fractioning and processing facilities in the United States supply basin.
It provides services across hydrocarbon value chain in the midstream sector through its network of storage and logistics, processing and gathering facilities.
The firm says that the natural gas processing makes it complex to remove valuable and heavier hydrocarbon components from the gas.
The company is engaged in the sale of natural gas liquids products that includes ethane, normal butane, natural gasoline, isobutane, and propane.
It claims to be one of largest producers of natural gas and aids in more than 250 million tons of carbon dioxide reduction per annum by switching from coal to gas.
The energy firm also claims to have taken initiatives to reduce emission of methane by eliminating pneumatic controller, maintenance venting, compressor rod packing, leak detection and repair (LDAR).
It focuses on energy program and tries to improve their efficiency by smart-star vapor recovering, marine fuel optimization, and EPAs smart way programs.
The firm’s subsidiaries include MPLX Terminal LLC, LOCAP LLC, Western Refining Logistics LP, Mark West Energy, Marathon Pipeline LLC, Hardin Street Marine LLC, Mark West Blackhawk LLC, MPLX Refining Logistics LLC, and Tesoro Logistics Pipelines LLC.