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THE COST OF NATURAL DISASTERS

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Picture of Anamika Talwaria

Anamika Talwaria

Editor & Head of Content for Tank Storage Magazine & StocExpo and Chair of Women in Tanks.

Philip Myers and Earl Crochet run through the latest updates coming to API 656 – Aboveground storage tank operations during uncontrollable natural disasters during the first six months of 2021, there have been eight separate billion-dollar weather and climate disaster events across the US. The eye-opening plot in Figure 1 shows the magnitude of problems associated with natural disaster events, referred to as ‘natech’, which means ‘natural hazard-triggered technological event’. Natechs can occur any time natural disasters interact with petroleum or chemical storage facilities and their local associated societal infrastructure. A recent stretch of extreme cold weather in Texas was […]

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