# Biodiesel (FAME) and Refining and reforming

Their prices have moved together.

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

[Biodiesel (FAME)](https://www.materialinsights.org/energy/biodiesel/) (chemical) and [Refining and reforming](https://www.materialinsights.org/energy/e_refining/) (energy): 1 relationship.

## How they are linked

### 1. Price link: diesel benchmark

*Cost and price · Strong · Both ways*

Biodiesel is blended into diesel, so refinery prices set its fuel value. The refinery index correlates at 0.51 for monthly moves and 0.72 for yearly moves, as vegetable oils and fuels both follow the energy cycle.

- **0.51** monthly change correlation
- **0.72** 12-month change correlation
- **0.70** fitted elasticity

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