Soy wax is made from soybean oil, the oil is treated with a hydrogen solution to solidify the oil into wax. Soy wax is all natural meaning it is non-toxic, colourless and a clean-burning fuel source. On the other hand, paraffin wax is created from petroleum (the same property used to make oil), this wax is also colourless and is clean-burning, however, there are many factors that make soy wax the superior type of wax.