The story
From methane + -ol. French chemists Jean-Baptiste Dumas and Eugene Peligot, after determining methanol's chemical structure, introduced "methylene" from the Ancient Greek μέθυ (méthu, “wine”) + ὕλη (húlē, “wood, material”) with the intention of highlighting its origins, "alcohol made from wood (substance)".
Etymology from Wiktionary, CC BY-SA 4.0.