This article presents an efficient iron(III) molecular catalyst for the production of biodiesel from waste vegetable oils. The approach involved an initial screening of eight salophen complexes with various substituents on the arene rings, leading to the selection of the simplest unsubstituted species as the most active catalyst. Under optimized conditions, this catalyst demonstrated the capability to achieve complete conversion of the oil at a low catalyst loading (0.10% mol/mol) and convenient conditions (160 °C, 20/1 MeOH/oil ratio).