Triglycerides of Modified Structure (TOMS) is a novel biofuel and chemical feedstock produced from natural oils and fats. TOMS provides 15-20% higher biofuel yields compared to conventional biodiesel without producing glycerol as a byproduct. TOMS can also be used to produce a limitless number of tailored molecules for oleochemical industries. The process for producing TOMS is universal for all types of oils and fats, utilizes every atom of biomass, has lower production costs than biodiesel, and produces a more stable and cleaner-burning fuel. In addition to its use as a biofuel, TOMS can be modified to produce novel bioplastics, lubricants, and