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Force majeure declared by BP at Gelsenkirchen in Germany

BP will carry out maintenance lasting about a month at its two steam crackers at Gelsenkirchen in Germany starting mid-August, a source close to the company said Friday.

The two crackers have a combined capacity to produce 1.05 million mt/year of ethylene and account for 3.5% of European production capacity

Ethylene supply in Europe during July and August is seen better than other olefins, but maintenance may tighten flows.