My experience:
No one has talked about tank costs,.. yet ....
At the insistence of the client and over the years, I have repeatedly priced rectangular tanks. I have repeatedly found that rectanglar and square tanks (designed for liquid service) are between 1.7 and 2.5 times as expensive as circular flat-bottomed tanks (API-650) of the same volume.
Suddenly, and always ... the client changes his mind ...
(I am only refering to rectangular/square steel tanks that develop strength through the use of flat walls braced by angle iron.... not tiny un-braced tanks)
In my opinion, unless there is some overwheming geometric reason for doing so, stay away from rectangular liquid retaining tanks .... Bulk solids are another story ..
Who disagrees ???
MJCronin
Sr. Process Engineer