Ok, so i finally got around to running some numbers today. Here's the run down of it.
So 55 gal translates to about 7.35 cubic ft using .13368 ft^3/gal.
Next assume an average diameter for the inside of the container, i choose about 1.5 ft.
Now i use the v=d^2*pi*h/4 and i solve for h which is the height of the container. (btw, if your not used to see it this way, normally that's written as r^2*pi*h, however r=radius=half of diameter=d/2, so if you replace the r with d/2 you get d^2/4) Solving for h i get a height of 4.16ft.
Now i use P=gamma*h, which is used to find the maximum pressure on the outside wall of a container with fluid, gamma is specific weight of the fluid (i used the specific weight of SAE 30 weight oil) and h is depth of the fluid which reaches maximum at the bottom, therefore the bottom has the most pressure. So using this in a maximum condition i get 237lb/ft^2 or 1.65psi.
Lastly we treat this container as a thin walled axisymmetrical container and use sigma=P*r/t where p is pressure, r is mean radius, and t is thickness of container wall. I get 2133 lb/ft^2 of stress or 14.8 psi with the assumtion that the wall thickness is 1 inch. If you go half inch, it's double the stress or 29.6psi, etc.
Now this assumes that the container is resting on the bottom of the container (sitting on the floor or on a stand that supports it from the bottom), if you suspend the container from the top, then i must add in the forces of the fluid weight also trying to pull the bottom of the container off which changes my calculations by adding on a single axis tensile stress to the container.
I think the only real challenge is picking a plastic material that is both safe for use with oils and alcohols, and can withstand enough temperature to not reach it's softening point. Something i've been reading is that some batch makers need to heat up the oil to get water out which requires temperatures in excess of 210F or slightly above which changes most of my assumptions. Plus as someone else mentioned stainless containers are cheap, or even normal steel containers are easy to find at the dump and even cheaper or free. This was more than anything else an excercise to prove against that old idea that plastics suck and metal is always better no matter what.