# Biodiesel (FAME) and Methanol

Their prices have moved together.

Source page: https://www.materialinsights.org/links/biodiesel-fame-and-methanol/

[Biodiesel (FAME)](https://www.materialinsights.org/energy/biodiesel/) (chemical) and [Methanol](https://www.materialinsights.org/chemicals/methanol/) (chemical): 1 relationship.

## How they are linked

### 1. Price link: process reagent

*Cost and price · Moderate · Both ways*

Methanol reacts with the oil to form methyl esters, so every tonne of biodiesel needs it. Against the organic chemicals proxy, monthly moves correlate at 0.24 and yearly at 0.54, with the biodiesel proxy leading by about 2 months.

- **0.24** monthly change correlation
- **0.54** 12-month change correlation
- **1.05** fitted elasticity

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