Apart from adhering to the EPA standards, storing fuel safely is a must to protect your business, staff, community, and the environment. Also, it is costly to deal with penalties for oil spills. But how can you safely store fuel on your site? Are underground storage tanks efficient? Or is it better to use aboveground storage tanks?
Underground Storage Tanks
Fuel storage systems that involve underground storage tanks place a minimum of 10% of their total volume beneath the ground. Compared to other setups, this system does not require any surface space and does not need much excavation. Hence, it’s less inexpensive to install. Plus, since the tanks are buried, they are less susceptible to fire and other hazards. However, leaks or corrosions are difficult to detect in this kind of storage system. When not addressed immediately, these problems may lead to expensive repairs.
Aboveground Storage Tanks
Placed above the ground, these tanks are cost-effective as digging is not required and inspections can be conducted more conveniently. You’d have to spend a few more dollars installing these tanks, though, because they need surface space, but in the long run, you’ll save a lot of money on repairs and maintenance costs. Also, if you need to transfer your system, it’s easier to move aboveground storage tanks than those that are buried beneath the ground. The only drawback of aboveground storage tanks are the potential hazard risks, such as fire, vehicle collision, and vandalism. Other than that, aboveground storage tanks are ideal for storing fuel in bulk.
No matter which system you select, the good thing with huge storage tanks is that you can ask manufacturers to fabricate them to meet your specific needs. Just make sure that the fabrication and construction of your storage tanks comply with EPA standards, as well as API Standard 650.