According to the waste-to-energy (WTE) valorization and circular economy principles, the use of waste oil and grease (WOG) for obtaining biofuels shows the tendency towards sustainability, makes the interest in green chemistry, and the development of environmentally friendly processes grow. Three different fatty wastes (from the fat trap of a sewage station, lard waste, and frying oil) were analyzed and this work showed they have no potentially toxic metals. The frying oil sample and residual lard waste showed a higher percentage of triacylglycerides resulting in higher biodiesel conversion. The samples showed physical and chemical properties (density, viscosity, and ash) within the limits established by current regulations. Bio-oil samples formed a mixture of carboxylic acids, with high acidity. However, the parameters that deviated from the maximum permitted by the standard could be adjusted blending with petroleum diesel, replacing partially the fossil energy carriers with biomass-derived energy carriers which could bring positive impacts from multiple perspectives, i.e., economic, environmental, and health.