When it comes to shopping for waxed paper to use in the kitchen, not all of it is the same. The typical waxed paper is just that: bleached paper covered in a thin coat of paraffin-based wax. Paraffin is petroleum-based, which means it does a great job at repelling moisture, but it isn't easily biodegradable. New eco-friendly brands in the marketplace not only offer unbleached waxed paper, but soybean wax-based, too. That means there's no petroleum in the product. The best part? It makes the waxed paper compostable, too.