Glycerine

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Glycerine, chemically called glycerol, is a sweet tasting, colorless, odorless, and viscous liquid. It is naturally occuring as the backbone of all triglycerides, and is most commonly produced as a biproduct of soap or biofuel in the reaction depicted below. The production of soap is the same process without methanol.

The chemical equation for the production of biodeisel. The catalyst is lye (NaOH)