How-to: A Recipe for Natural Beeswax Wood Polish: 1 part beeswax to 3 (or 4) parts olive or coconut or jojoba oil. heat in jar you want to keep it in, probably a pint sized mason jar, set on a grate in a pot of boiling water. Shake it up once melted. Add up to a capful of essential oil: cedar, lemon, its up to you! Let cool. Use hands to rub it onto wood surfaces.