# Bio-based polyethylene and MEG and Ethylene

Their prices have moved together.

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

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

## How they are linked

### 1. Price link: fossil route

*Cost and price · Strong · Both ways*

Fossil PE is made from ethylene cracked from naphtha or ethane, while bio-PE uses ethylene from dehydrated ethanol. The resin proxy follows ethylene closely: monthly moves correlate at 0.72 and yearly moves at 0.90.

- **0.72** monthly change correlation
- **0.90** 12-month change correlation
- **0.17** fitted elasticity

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