hydrogen peroxideMethanol, also known as methyl alcohol,wood alcoholwood naphthamethyl hydrate, or wood spirits, is a chemical with the formula CH3OH (often abbreviated MeOH). Methanol acquired the name “wood alcohol” because it was once produced chiefly as a byproduct of the destructive distillation of wood. Today, industrial methanol is produced in a catalytic process directly from carbon monoxide, carbon dioxide, and hydrogen.