I see three options:
1. Use piles as VOD indicates - On the plus side the foundation should perform well, however as indicated it is likely to be relatively expensive.
2. Use spread footings at 150kg/m^3 - On the plus side the foundation is likely to perform well (assuming the allowable bearing pressure was correctly determined), however, the foundation will be much larger than the tank and the thickness of the foundation will need to be quite large to create a stiff foundation to spread the load. Also, likely to be relatively expensive.
3. Look at the soil conditions and the loading (I think this is what Fattdad was trying to get at). Can the tank be stage loaded and the soil allowed to consolidate to gain strength? Was the allowable bearing pressure determined on the basis of allowable settlement instead of bearing failure? A 12m diameter tank is not an extreamly common design element, talk with the geotechnical engineer, look at the way the tank will be used and how the soil and the structure will interact. I would be surprised if there is not another option besides 1) and 2).