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Transesterification is a process used to produce biofuels from vegetable oils and animal fats. It involves the reaction of triglycerides with an alcohol, such as methanol or ethanol, to produce fatty acid methyl esters (FAMEs) and glycerol. FAMEs are the main component of biodiesel, a renewable fuel that can be used in diesel engines. Transesterification is also used to produce other biofuels, such as ethyl esters, which can be used in gasoline engines. Transesterification is an important process in the production of biofuels, as it allows for the conversion of vegetable oils and animal fats into a fuel that can be used in existing engines. It is also a relatively simple and cost-effective process, making it attractive to producers. Some companies in the transesterification market include Neste, Renewable Energy Group, and Renewable Energy Systems. These companies produce biodiesel and other biofuels from vegetable oils and animal fats, using transesterification. Show Less Read more