# Bio-based polyethylene and MEG and Monoethylene glycol

Their prices have moved together.

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

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

## How they are linked

### 1. Price link: product made

*Cost and price · Strong · Both ways*

Bio-MEG for PET bottles is also made from cane ethanol through ethylene oxide. It shares the ethanol cost and the green premium; the US proxies show monthly moves correlating at 0.31 and yearly moves at 0.67.

- **0.31** monthly change correlation
- **0.67** 12-month change correlation
- **0.77** fitted elasticity

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