Abstract: Animal and seed based triglycerides are oils used in cosmetics, pharmaceuticals, animal feed, energy generation, etc. These triglycerides or glycerol esters are a mixture of triglycerides and free fatty esters (FFA) along with unsaponifiables and gums (MIU). FFA may range from very low, 1% or less, to more than 40% in some rendered animal oils. Corn oil from the wet or dry process of ethanol production may have from 7 to 15% FFA. The varying amount of FFA presents numerous process issues for downstream users of these oils especially in the production of biodiesel, fatty acid methyl ester (FAME). FFA about 1 or 2% requires esterification as well as transesterification for the production of FAME. What is needed is a method to perform Glycerolysis. This disclosure describes an improved catalyst system as well as process equipment and operating conditions to allow economical commercialization of Glycerolysis.