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Methanol (CH3OH), also known as wood alcohol, is considered an alternative fuel under the Energy Policy Act of 1992 Methanol is used as a solvent, antifreeze and in the preparation of other chemical compounds. 40% of the methanol produced is used to prepare formaldehyde, which is also used in the preparation of plastic, plywood, paint and explosives. To change the nature of industrial ethanol and prevent its use as a drink, some methanol is added to it.