The placement of chemical storage tanks is an important topic in industrial safety, and its placement method is based on the study of the safety spacing of storage tanks. This paper takes LPG and LNG storage tanks as examples. It uses vapor cloud explosions, pool fires, pressure vessel explosions, boiling liquid expansion vapor explosions and other fire and explosion accident consequences models and risk probability analysis methods to analyze. It is proved that the transfer of storage tanks from ground to underground can significantly reduce the scope of impact of explosion accidents, thereby increasing the utilization rate of industrial land.