I'm not familiar with the white paste, but perhaps Permatex Hylomar might be a substitute if the white stuff is non-hardening. Hylomar is kind of unique in the sealant world. Its not an RTV-type sealant, tacky adhesive, hardening goop, or anti-seize paste.
It seals well (although it doesn't look as though it should) and doesn't "cure" in use, or doesn't appear to. After many months in operation it appears to have the same physical characteristics it had right out of the tube.
I've had good luck with it for stuff like stubborn valve cover and radiator hose seepage where you want to fix the leak AND have easy separability/sealant removal when it comes time to dissasemble the parts.
Chris
'96 Passat wagon