South Korean government ``secures more than 6 months' worth of urea''... Hurrying up medium- to long-term countermeasures = South Korean report

The South Korean government has announced that it has secured more than six months' worth of urea, including domestic inventory and planned imports from outside China, in response to concerns about the supply and demand of urea imported from China. In addition, domestic production of urea
The government is also urgently taking measures to deal with medium- to long-term supply and demand concerns, including the possibility of On the 20th, the Ministry of Trade, Industry and Energy held a meeting of experts at the Seoul Korean Chamber of Commerce and Industry to create a plan for a stable supply of urea.
A discussion was held to announce the supply and demand situation for urea in South Korea and future countermeasures. South Korea receives more than 90% of its urea, which is a raw material for urea water essential for the operation of diesel vehicle exhaust gas reduction equipment, from China.
However, after the Chinese authorities imposed export restrictions on official exports in 2021, they also imposed export restrictions on non-official exports earlier this month, rekindling concerns about domestic supply and demand. Until 2011
In South Korea, there was a company that produced urea, but this company stopped production due to profitability issues and now relies on products made overseas, especially in China.
An official from the Ministry of Trade, Industry and Energy said, ``Unlike in 2021 (when we had not secured alternative import sources), currently (as of the 18th)
"We have secured more than 6 months' worth of supplies, including the inventory and planned imports from outside China," he said, adding, "12,150 tons will be imported in January next year, and 14,000 tons will be imported in February without any problems. scheduled to be
"It is," he said. The South Korean government is rushing to develop medium- to long-term measures to deal with repeated concerns about the supply and demand of urea from China. The purpose of this meeting was to create a domestic production base for urea, etc.
This is to explore various alternatives together with experts from companies, research institutes, and universities. Officials from the Ministry of Trade, Industry and Energy said, ``We are working on production plans, including building a domestic urea production base and building production bases in third countries.
We plan to consider various alternatives such as long-term stockpiling of urea water and come up with a method that is highly cost-effective." decision
I will.''