Diminishing fossil resources, their rising prices and their negative effects on our living environment have shifted researchers' attention toward renewable sources to access fuel and chemicals as vital necessity.

Glycerol as byproduct of biodiesel, produced by transesterification of vegetable oils or animal fats can undergo a variety of reactions, specific to its chemical structure, including oxidation, reduction, dehydration, etherification and esterification which convert it into valuable products.

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