Collaboration between Venwiz and PM Project and Services Private Limited in selecting a industrial storage tank vendors.
Storage tanks are essential for storing liquids, gases, and solids across industries like FMCG, chemicals, oil & gas, and agriculture. They ensure smooth operations by maintaining controlled environments with specific temperature and pressure requirements. Choosing the best industrial storage tank vendor is key to ensuring efficiency, product safety, and compliance.
Here’s how to make the best choice!
Types of Storage Tanks
Let’s first understand the types of fabricated storage tanks. They can be classified according to position, shape, and structure.
Position:
- Aboveground Tanks (ATS): Visible and accessible, ideal for storing large fluid volumes.
- Underground Tanks (UTS): At least 10% is underground, used for hazardous materials requiring protection.
Shape:
- Horizontal Tanks: Positioned horizontally, suitable for smaller fluid quantities with low vapor pressure.
- Vertical Tanks: Ideal for storing larger volumes, offering efficient storage and handling.
Roof Design:
- Fixed-Roof: Stationary roof, used for high flash point liquids to prevent evaporation and reduce fire risks.
- Floating-Roof: Roof moves with liquid level, used for low flash point liquids.
Factors for choosing the industrial storage tank vendor
Understanding Your Storage Needs
Before choosing a storage tank vendor, it’s crucial to define your specific storage requirements. This process includes identifying the fluid’s properties, the necessary storage volume, and other key factors:
- Fluid Properties: Determine if the fluid is corrosive, flammable, or requires special handling.
- Volume Requirements: Assess the volume or weight of the fluid to ensure the tank’s size and capacity meet current needs while allowing for future expansion.
- Environmental Factors: Consider the environmental conditions, such as temperature fluctuations, exposure to elements, and seismic activity, as these can influence tank design and material selection.
- Regulations: Ensure compliance with local or regional environmental regulations applicable to storage tanks.
- Operating Conditions: Define the operating temperatures and pressures the tank must withstand.
These factors will affect the design of the tank and help you frame a comprehensive RFQ.
Importance of Vendor Experience
Look for a vendor with a proven track record in designing, manufacturing, and installing storage tanks. Identify a company with experience specifically in your industry, whether it’s chemical, pharmaceutical, or oil and gas. This expertise ensures they understand the unique requirements and challenges of your sector.
Quality and Standards
Verify that the vendor adheres to industry standards and regulations to ensure safe and reliable storage tank operations. Quality certifications like ISO 9001 demonstrate their commitment to delivering high-quality products and services.
Additionally, vendors must comply with specific design and fabrication codes, such as:
- ASME Section VIII: Applies to pressure vessels and storage tanks.
- ASME BPE: Specifically for biopharmaceutical applications.
- API 620: Covers large, low-pressure storage tanks (up to 15 psig).
- API 650: Standards for welded oil storage tanks.
- EN 14015: For vertical, cylindrical, above-ground steel tanks.
- IS 803: For vertical mild steel cylindrical welded oil storage tanks.
- IS 10987: Code of Practice for underground/above-ground horizontal cylindrical steel storage tanks for petroleum products.
- IS 2826: Code for unfired pressure vessels.
By selecting a vendor who meets these standards, you can ensure the safety and reliability of your storage tank
Vendor Credentials Verification
Ensure the vendor is a legally registered entity in India. Review any recent changes in ownership or business structure. Evaluate their industry experience and technical expertise to confirm they are capable of handling your project.
Evaluating Financial Stability
Thoroughly review the vendor’s financial statements, creditworthiness, etc.. Their financial stability is crucial to ensuring they can not only manage but successfully deliver your project with the highest level of reliability and competence
Customization Capabilities
Assess whether the vendor can tailor storage tanks to your precise specifications, including size, material, coating, and insulation. Their ability to customize is vital to meeting your unique requirements and ensuring optimal performance.
On-site fabrication
Large storage tanks require on-site assembly due to logistical and technical constraints. This will involve:
- Modular Construction: Breaking down the tank into prefabricated modules that are transported to the site for assembly. This can reduce transportation costs and expedite installation.
- Field Welding: Performing critical welds or repairs on-site, especially for tanks with unique dimensions or connections.
- Foundation Preparation: Ensuring the site is properly prepared to receive the tank, including excavation, leveling, and foundation construction.
It is important to ensure the vendor has on-site fabrication experience and has the team and tools required for erecting the storage tanks.
References and Testimonials
Request references or testimonials from previous clients in India to thoroughly assess the vendor’s reputation and customer satisfaction. For a more comprehensive evaluation, seek permission to visit a facility where the vendor has installed storage tanks, offering you firsthand insight into their work quality and expertise.
Read about: How to reduce the operating costs of Storage Tanks
Venwiz: Your Partner in Finding the Ideal Storage Tank Vendor
Looking for a reliable industrial storage tank vendor in India? Venwiz is here to help. As India’s premier digital platform for industrial service vendors, we’ve curated a vast network of over 25,000 vendors across 50+ categories. Find the perfect vendor for your storage tank requirements using our user-friendly platform.
Our vast database of 481+ verified storage tank vendors provides a convenient way to connect with qualified suppliers. With successful projects valued at INR 50 crores, Venwiz has a proven track record in successfully implementing storage tank projects.
Leverage our advanced filters to refine your search and find vendors that match your specific criteria: –
- Vendor Location
- Equipment
- Services offered
- Industries served
- Annual turnover
Detailed vendor profile
Venwiz offers detailed vendor profiles, providing clients with a clear understanding of each vendor’s capabilities and product offerings.
- Service Capabilities
- Manufacturing capabilities
- Location served
- Technical certifications
- Industries served
- Key customers.
- Client Reviews
View quality certifications and images of past projects, products, and facilities directly on the vendor’s profile. The profile will help you assess their expertise and quality.
Benefits of Venwiz
Better Price Discovery
Venwiz can help you achieve up to 5% savings by connecting you with a wider pool of vendors through our platform. Our e-auction tools and quote comparison features empower you to negotiate more effectively and secure better pricing.
Man Hour Savings
By automating vendor scouting, assessment, quote collection, and standardization, Venwiz significantly reduces the bandwidth required by your project team. With access to a 20x wider vendor pool, you’ll benefit from increased competition and potentially better terms.
Faster Project Execution
Venwiz can accelerate your project execution by up to 50% by streamlining vendor discovery and procurement processes. Our end-to-end project tracking ensures adherence to timelines and minimizes delays.
PM Projects & Services Pvt Ltd: Delivering Turnkey Solutions Nationwide
PM Project and Services Private Limited was established in the year 2005 and is leading a EPC Company they work in engineering solutions – design & engineering, technical consultancy, equipment manufacture, erection & commissioning – turnkey projects.
They provide the following products & services
- Material Handling Systems
- Waste management
- Bulk Storage Systems
- Process Equipments
- Contract Manufacturing
- Consultancy
- Procurement and Contract Manufacturing
Core Strengths
The company has a pan-India presence and has completed projects in Gujarat, Rajasthan, Maharashtra, Madhya Pradesh, Jharkhand and Tamil Nadu.
- 31 Years Standing in the Projects Field.
- Qualified & Experienced Technical Staff.
- Panel Of Advisors for Specific Fields (Retired Senior Professionals)
- Design Centre with Latest Software Supports.
- 50000 sq ft workshop & 4 acres production facility at Nimrani, Madhya Pradesh, with a capacity to fabricate 3000 MT a year.
They are strongly committed to quality and control and have the following certifications:
- EN ISO 3834
- ISO 14001:2015
- ISO 9001: 2015
- ISO 45001: 2018
- Zed Gold Certification
- Petroleum Explosive Safety Organisation Approval (PESO)
Experience
PM Projects and Services Pvt. Ltd has served several industries since its inception. Some of the industries include:
- Oil & Gas
- Power and Energy
- Metal and Mining
- Chemicals
- Civil and Construction
- Transportation
- Consumer goods
- Paper and Packaging materials
- Food Processing Beverages
- Industrial machines and tools.
Clients
PM Projects & Services’ Success in Oil & Gas
PM Projects and Solutions successfully delivered a repeat order from an Oil and Gas Company for the manufacturing and erection of fire hydrant tanks at their oil depots across India.As of today, the company has manufactured and installed over 4000 tanks in various capacities.
Solution
On-Site and Shop Fabrication: Given the impracticality of transporting the entire unit, the company opted for a hybrid approach. This involved:
- Shop Fabrication: Manufacturing specific components or sections of the tank farm in a controlled factory environment. This ensures precise dimensions and quality control.
- On-Site Assembly: Transporting these pre-fabricated components to the oil and gas plant site and assembling them into the final tank farm configuration. This reduces transportation costs and minimizes disruptions at the plant.
Impact
The tanks meet the rigorous quality standards of the Oil and Gas company. The MS tanks helped the company meet its storage requirements effectively.
Co-Author
Siddhant Chelawat is the business head of PM Project and Services Private Limited. He heads the fuel handling solutions. He independently started the division from scratch, including market study, product development, dealer/reseller network, operations management and growth strategy formulation & implementation.
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