Natural gas is the feedstock used in most of the world's production of methanol. Methanol is a primary liquid petrochemical made from renewable and nonrenewable fossil fuels containing carbon and hydrogen. Containing one carbon atom, methanol is the simplest alcohol. It is a colorless, tasteless liquid and is commonly known as "wood alcohol." Stranded gas can be monetized by producing chemical (or fuel grade) methanol and transporting it to the market.