Alternative sources of fuel have been a concern in the last few decades. The growth of urbanization and industrialization will lead to the exhaustion of fossil fuels, attracting studies on alternative routes. The main aim of this study was to produce biodiesel from waste cooking oil (WCO) by methyl transesterification using sodium hydroxide as a catalyst. For this, the physicochemical parameters of biodiesel were studied in triplicate (density, acidity, saponification, viscosity, corrosiveness to copper, visual appearance, and cloud point). An analysis by thin layer chromatography and infrared spectrometry was also performed. The increase in yield (83.3%) was directly proportional to the increase in the catalyst (0.22 g of NaOH). The infrared absorption spectra of WCO and biodiesel showed the presence of common and singular bands of each material. Furthermore, a simple and low-cost mechanism was proposed for purifying glycerol. The spectra of glycerol versus purified glycerin showed that the glycerin produced was pure, being used in the formulation of bioplastic. The product was checked for biodegradation and photodegradation, with incredible soil-degradation times of 180 days and photodegradation of only 60 days. In this way, biodiesel production from WCO showed environmentally friendly proposals and applicability. As the next steps, it is necessary to test the biodiesel produced in combustion engines and improve the bioplastic production, including a spectroscopic characterization and extensive biodegradation testing.