Here is how to heal chapped lips with the best lip balm. For this recipe you will need 1 oz of beeswax, 2 oz of grapeseed oil, 1oz of castor oil, 80 drops of your preferred essential oil. Keep it mind that we make larger batches and these ratio’s fill about 35 .25 ounce containers. You should switch your ratio’s based on the amount of lip balm you’ll need. First, you should melt down the beeswax in a double boiler, then add your oils. Stir them together, pour them in the containers and they will begin to solidify. Be sure to work quickly but diligently as beeswax starts to solidify quickly and you don’t want this to happen as you’re pouring.