Formosa Ha Tinh Steel

Formosa Ha Tinh Steel Corporation was formed in 2008 to establish a large iron and steelmaking plant at a deepwater port in Vietnam.

[2] In 2010, 3,300 hectares (33 km2) of land in Kỳ Anh district was allocated to the development company (Hung Nghiep Formosa Ha Tinh Steel Co) by Hà Tĩnh province.

Initially statements by the company estimated a $15 billion development cost to install 7.5 million tons pa steel capacity.

[6] Associated developments included the Thạch Khê iron mine (reserves 544 MT), 60 km north; GW scale thermal electric powerstations; and the Vuang Ang-Son Duong deep sea port, capable of berthing ship of up to 300 to 500 thousand tons.

Formosa Ha Tinh Steel agreed to pay $500 million (11.5 trillion VND) compensation for the discharge, which contained phenol, cyanides and iron hydroxides.

[21][22] A governmental report found the origin of the pollution to be from water from wet coke quenching, which was released into the sea after a power supply failure at the plant's waste treatment facilities.