Am I the only one who likes plastic gas tanks? They don't rust and there is little if any 'crud' build up on the inside.
The fuel pump has a small filter to keep solids out of the fuel lines. I have never seen a dirty 'sock' filter. The old style filters would collect water and clog, especially with our ethanol mixes.
Volvo moved the PEM inboard on later models, you should be fine with its present location. There will not be any water intrusions to the circuit board, unless you live through a flood.
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Keeping it running is better than buying new
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