Abstract: TANK Shanghai is the world’s first oil tank renovation space case, is also a model of domestic industrial heritage renovation projects. As the first non-profit art institutions in China, TANK Shanghai has a high social visibility. TANK Shanghai has been transformed from a group of discarded aviation oil storage tanks and ancillary facilities. The paper mainly explored the renovation methods of the oil tank art center from four aspects: design concept, space layout, function orientation and surface reconstruction, and expounded the operational social effect and economic significance after the transformation. Through the renovation of the abandoned oil tank, the Green Park and art exhibition, landscape and architectural space, industrial heritage and innovative future were skillfully integrated and integrated into the city life, realized from the abandoned industrial heritage to the city open park transformation.