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Mitsubishi walks away from $1.3B chemical plant planned for Louisiana

Summary by New Orleans CityBusiness
The company behind a $1.3 billion petrochemical plant planned for Ascension Parish has chosen not to follow through with the project, citing a drop in demand for the products it would make. The decision from Japanese conglomerate Mitsubishi comes after an independent report last summer determined the facility was not economically feasible and would result in the unnecessary release of greenhouse gases. The new methyl methacrylate (MMA) monomer p…
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