1. Plate thickness (per API calculation) and weights and metal costs.

2. Shell and roof forming costs and total forming cost.

3.Internal pickling, external weld pickling and total pickling cost.

4.Shell welding cost including: edge preparation, dye penetrant

5. inspection, installation, grinding, welding backing pass, final inspection and filler metal.

6.Roof welding costs including: installation, welding, grinding, back passes, inspection and filler metal.
Separate costs are calculated for the attachment of the shell plates to the annular plates and the roof
plates.

7.Bottom welding costs including installation, welding, grinding and inspection for butt welding of the
annular plates and lap welding of the center plates.

8. Maintenance costs including internal coating and/or external painting repairs for the expected tank
life.

9. Total cost includes both an installed cost (all fabrication and materials) and a life cycle cost
(installation and maintenance over the expected life).

Most expensive part are foundation requirements and r selection of coatings.

About $2.50 - $3.75 per gallon for a bare tank.

Add about $18.00/sq ft for coatings (inside and out).

Add to this cost of foundation, platforms, secondary containments etc.

Base Cost for Carbone Steel Field-Erected tanks

SI Units

CB = EXP(9.369 - 0.1045*lnV + 0.045355*(lnV)2)

where:

CB = Base Cost of the tank, USD

V = Volume in m3, Lower Limit: 80 m3, Upper Limit: 45,000 m3

Updated Cost

CB(updated) = CB*(CICY / CIBY)

where:

CB(updated) = Updated Cost of the Tank, USD

CICY = Cost Index, Current Year

CIBY = Cost Index, Base Year

Note: Cost Index (CI) for any year can be obtained form the Chemical Engineering Plant Cost Index
(CEPCI) data.

General Notes:

1. Cost of field-erected tanks includes the costs of platforms and ladders but not of foundations and other
installation materials (piping, electrical, instrumentation etc.)

2. Cost of shop-fabricated tanks does not include any installation materials including platforms / ladders.

 API 620 regulates the design and manufacture of large steel low-pressure storage
tanks, usually larger than 300 feet in diameter.

By contrast, APl Standard 650 sets the requirements for most carbon and stainless
steel, and aluminium tanks located in terminals, refineries, pipelines, and other
process facilities.

Your choice óf standards will dépend on your andór your clients particuIar needs.

api 650 tank cost

If additional réquirements are met, highér internal pressures aré allowed.

API 650 only covers tanks that support the whole bottom evenly and tanks in non-
refrigerated service that have a maximum design temperature of 200 degrees F.

It requires thát you have á minimum material thicknéss of 316 inch.

To quickly summarizé, API 620 can store the contents at a lower temperature and
higher pressure whereas API 650 permits a lower amount of pressure at a higher
temperature.

Given that, and knowing your specific pressure and temperature requirements, you
can see that an accurate choice is extremely critical.