MTCF was developed in conjunction with a research project undertaken by the American Petroleum Institute (API) to identify corrosion-inducing variables in the backfills of storage tank systems and to determine their effect on expected tank life.

MTCF was the first reliable means of predicting expected tank life and was implemented by such companies as Getty, Texaco, Chevron, Southland (7-Eleven), among others, in order to develop their tank replacement and upgrade programs based upon the condition of their steel tanks.