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Abstract: The hazardous chemical accidents remain a matter of major concern. However, there is a dearth of practical measures about the emergency management of hazardous chemicals leakage. Therefore, in order to provide more accurate management plan, quantitative risk assessment has become a critical issue in chemical industry. The main aim of this study is to quantify the risk of hazardous chemicals leakage, and take precautions against the accidents. In this study, a Fire-Explosion-Poisoning Quantitative Probability Model (FEPQPM) has been established. The paper introduced the probability analysis methods to analyze derivative accidents caused by hazardous chemicals leakage, established quantitative risk assessment models, and made acceptable risk level analysis. This model has been applied to quantitatively assess an enterprise’s storage tank at Changshou Chemical Industrial Distripark (CID) in Chongqing, China. Evaluation results are in line with the actual situation of the CID. It is shown that the probability of poisoning is very large, causing more economic loss than the other two types of accidents, and death toll of leakage accident increases over time, resulting in greater economic losses. The risk level of leakage accident involving poisoning is unacceptable. [Copyright &y& Elsevier]