Loss of major petrochemical project to Texas reflects weakening business climate in Louisiana, industry officials say

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Louisiana Economic Development Secretary Don Pierson tried to put a good face on the disappointing announcement Wednesday that Louisiana lost out to Texas in landing the world’s largest ethane cracker plant, which is being developed by ExxonMobil Chemical Co. and Saudi Basic Industries Corp, or SABIC. “We were a strong finalist,” Pierson said. “We are

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