Henning Holm Nielsen. Cold Wax Recipe. PART ONE: how to produce it: Melt 40% bleached bee wax in 60% bleached, refined linseed oil - or 50:50% - melting point 63 degrees Celcius. Stir while the oil and wax cools off until the emulsion is less than 35-40 degrees ( try with a finger) - and your Cold Wax is ready for use. NOTE: you need to use siccativ or another drier. Quantity after the manufactures direction. Store your Cold Wax in tins or glasses with a little oil at the top.