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Chemical Name : Sodium hydroxide; Chemical Purpose: Adjusts the pH of fluid to maintain the effectiveness of other components, such as crosslinkers; Product Function: pH Adjusting agent. Sodium hydroxide, also known as lye and caustic soda, [1][2] is an inorganic compound with the formula NaOH . It is a white solid ionic compound consisting of sodium cations Na+ and hydroxide anions OH−. It is the common name of sodium hydroxide . This name is given due to the corrosive nature of this salt on animal and plant tissues. It has a wide range of applications. The chemical formula of sodium hydroxide is NaOH . Preparation of Caustic Soda Sodium hydroxide can be prepared by various methods like: Sodium hydroxide is a solid ionic compound with the chemical formula NaOH . It is also known as caustic soda, lye or soda lye. Learn more about its structure, properties, uses and health hazards from this web page.