# Bio-based polyethylene and MEG and Bioethanol

Their prices have moved together.

Source page: https://www.materialinsights.org/links/bio-based-polyethylene-and-meg-and-bioethanol/

[Bio-based polyethylene and MEG](https://www.materialinsights.org/chemicals/bio_pe/) (chemical) and [Bioethanol](https://www.materialinsights.org/energy/bioethanol/) (chemical): 1 relationship.

## How they are linked

### 1. Price link: feedstock

*Cost and price · Strong · Both ways*

Bio-PE plants dehydrate cane ethanol into ethylene, so ethanol is the main cost. The US ethanol index is corn ethanol, not Brazilian cane, so it links only through the wider fuel market: monthly moves correlate at 0.20, yearly at 0.61.

- **0.20** monthly change correlation
- **0.61** 12-month change correlation
- **0.25** fitted elasticity

Built from the site data on production routes, energy flows, industry value chains, input-output tables and prices.