“…The biodiesel production will produce a large increase in, the amount of glycerol in the market, causing a decrease in the prices significantly, in the world. In the European Union, for example, the price of glycerol, in 1995 was € 1500 t -1 and reduced to 330 € t -1 in 2006 (Puhan et al, 2005 (Davis et al, 2000;Pachauri & He, 2006;Krishna et al, 2007) and even suntan lotion (Kimura, 1993). The products of oligomerization of glycerol can be used as additives for cosmetics and foods, the raw material for resins and foams (Shenoy , 2006;Lemke, 2003;Werpy, 2004;Pagliaro & Rossi, 2008), lubricants (Pagliaro & Rossi, 2008), cement additives (retains moisture) and are synthetic intermediates and possible substitutes of polyols, e.g.…”