Did you know that the EPA estimates the average cost to clean up a spill or release from an underground storage tank (UST) system is $125,000? These high costs to clean up a spill or a release can cause significant anxiety and stress on any UST owner or operator.
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To reduce the likelihood of a release or a spill, UST system owners and operators can take steps to analyze their risks by establishing a risk management plan (RMP). In doing so, owners and operators can identify and prepare for the risks most common to the UST industry generally as well as unique risks that are more site-specific to an owner and operator’s facility.
An RMP has three critical components—identifying risks, assessing strengths, and minimizing or eliminating risks.