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S. Korea secures extra 3,000 tons of urea from private importer amid intense supply shortage Updated: 2021-11-10 07:29:34 KST

Amid concerns that millions of diesel trucks in South Korea could grind to a halt over a shortage of engine fluid, the country has secured an additional 3-thousand tons of urea, which is used to make the fluid.
This comes as the government has negotiated with a private importer to release the amount to the market earlier than it was previously planned.
The government task force said on Tuesday that, of that amount, some 700 tons will be sent straight away to a local firm by Wednesday where the material will be processed into urea solution, a vital fluid for diesel vehicles.
That is expected to give the country three more days' supply.

Also adding hope is the possible release of some 19-thousand tons of urea solution which is being held at China's customs.
The Office for Government Policy Coordination said, it is trying its best to get quick customs clearance on the urea import contracts while discussing ways of diversifying import channels including getting the fluid from Australia and Vietnam.

Support has also come from the country's military.
Defense Minister Suh Wook said on Tuesday that around half of the military's roughly 440 ton stockpile of urea solution will be provided for private use.

President Moon Jae-in on Tuesday urged the public not to be overly concerned, saying that the government will mobilize all its diplomatic capacity to secure urea supplies from overseas.

"The government is directing all diplomatic capacity to secure overseas supplies. For urgent needs, we will first use surplus supplies in the public sector and through emergency supply measures and demand restrictions, we will direct all efforts to stabilize supply and demand."

The President's remarks came a day after he ordered the utmost efforts to stabilize the supply of urea water solution.
Moon also highlighted the need to find new importers while saying there needs to be an extensive review of raw material supply in line with changes in the global supply chain.
Kim Sung-min, Arirang News
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