The goal of the API 650 Standard is to provide a standard that produces “tanks of adequate safety and reasonable economy.” API 650 Standard Appendix B.4.1.2. The API 650 Standard was developed and continues to be revised by the world’s best structural engineers and knowledgeable storage tank owners.
So why choose the API 650 Standard when building a storage tank? Here are three reasons: the API 650 Standard is based on engineering principles to construct a safe tank API 650 is the international standard as well as the standard adopted by states and the API 650 Standard provides the customer with rights to ensure an above ground storage tank is correctly built to the Standard. This leaves some business owners with the choice of whether to build an API tank for storing liquid products at atmospheric pressure. On the state level, some but not all states require the API Standards in building and maintaining above ground storage tanks. For industries that use above ground storage tanks for fertilizer, water, chemicals, food products, etc., there is no federal law requiring the use of API 650 Standard for building storage tanks. The API 650 Standard was first published in 1961 by the American Petroleum Institute to create a consistent methodology by which tanks for the oil and gas industry are built.
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