No, PEC-12 is not simply alchohol. It will remove all kinds of gummy gooey adhesive-like substances that ordinary alcohol won't touch, like tape residue. It's essentially a safer replacement for the nasty 1:1:1 movie film cleaners, aka "safety solvent" that wasn't very safe! (non-flammable, but otherwise...)
I use PEC-12 in conjunction with lint-free microfiber wipes, just like you would use on a lens. The 3M
lens ones are the best.