The use of oil and solvent-based products in the preparation and preservation of metal has been common practice for over one hundred years. While these products may offer good corrosion protection, they often contain hazardous ingredients and are non-degradable. Recently, the use of vegetable oils has been found to offer many similar properties to their petroleum derived counterparts. By incorporating vapor phase corrosion inhibitors (VpCI’s) into soy-based products, optimal corrosion protection can be obtained yielding an environmentally friendly, biodegradable product.