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However, unlike ethanol, methanol is highly toxic and unfit for consumption. At room temperature, it is a polar liquid, and is used as an antifreeze, solvent, fuel, and as a denaturant for ethanol. It is also used for producing biodiesel via transesterification reaction.ecause of these toxic properties, methanol is frequently used as a denaturant additive for ethanol manufactured for industrial uses. This addition of methanol exempts industrial ethanol (commonly known as  denatured alcohol  or methylated spirit) from liquor excise taxation in the US and some other countries.
Methanol is a highly toxic colorless liquid that may explode when exposed to flames. Other common names for methanol are methyl alcohol and wood alcohol. Methanol occurs naturally in wood and volcanic gases and is a product of decaying organic material such as vegetation.It is also emitted from gasoline and diesel engines and from burning trash and plastics. The chemical formula for methanol is CH4O.Methanol is used in antifreeze products and as a solvent and is an ingredient of gasoline. It is used as an ingredient of some paint strippers.t is also emitted from gasoline and diesel engines and from burning trash and plastics. The chemical formula for methanol is CH4O. Methanol is used in antifreeze products and as a solvent and is an ingredient of gasoline.