Hi,
biodiesel contains no significant amount of methanol. Methanol reacts with the fatty acid to make biodiesel, the reaction product is not a mixture. Remaining methanol is removed at production, any traces are not dangerous and possibly already evaporated, and after a flame they're gone.
So, I have no worry about methanol in biodiesel, nor about burning it with a wick. I have no opinion about the merit of (thin) cotton cordage as a wick; candle wick can be bought too, or a match suffices. As a teen, I used fiberglass web as a mega-wick for wax (and I sprayed on the wick water whose instant evaporation achieved a wax spray in air that went woosh, 1m
3 flame, don't do
that one indoors).
I don't expect harmful combustion products from biodiesel, and at room temperature it won't burn without a wick, so playing indoor seems safe. BUT I recommend to make
any fire outdoors, as I already had big luck several times as a teen. You never know what goes wrong: unexpected composition (additives in biodiesel!), fuel getting hot, other items catching fire...
I don't know how used you're with playing with matches... Some general ideas:
- Be paranoid. Prepare for what you do not expect.
- Train mentally and in movement what to do in some situations. Prepare the surroundings: remove flammable materials, clean an escape way. When it happens, you have no time.
- Mistrust (=remove) all fluffy materials, gases, liquids, plastics, and everything you haven't already tried to burn. Celluloid or hygiene cotton for instance would surprise you.
- Know how to extinguish your fire before you start it. Prepare the means. On liquids, use sand, powder... not water.
- Better have a second person farther away, trained and equipped to intervene.
- Will you make a demo in public? Rehearse it before, at the same place, with the same hardware and procedure as the demo.
With biodiesel and normal operation, that's huge overkill.
I expect nothing worse than a burning candle. But if things go wrong, precautions make the difference. I survived twice by chance and once thanks to precautions and training. By definition, the unexpected isn't predicted.