Hi Luk5566, welcome here!
It's nice to be environmentally conscious... BUT rapeseed oil isn't quite healthy for YOU if it can oxidize, which does happen rather easily. On air contact, at light, it will oxidize. That's why it has opaque hermetic bottles and a conservation limit. I'd trust mineral oil better than rapeseed oil.
Sunflower oil is less bad in this aspect. But the oils least sensitive to oxidation are the most saturated ones (the ones unhealthy in your stomach), especially
palm oil, coconut oil (which are solid fats usually) and the more fluid
palm kernel oil. Refining eliminates their odour.
Thick animal fats are stable too and they excel in some metalworking operations.
An other possibility is to saturate any vegetable oil with hydrogen, as is done for industrial food production. I haven't seen any "hydrogenated oil" available in small amount, and it's solid, as pastries want it.
I'm not convinced that an antioxidant would protect rapeseed oil over time as a thin layer in the air under light. Choosing the proper oil is much easier.
A more extreme example, linseed oil:
https://en.wikipedia.org/wiki/Linseed_oilGeneral ideas:
https://en.wikipedia.org/wiki/Triglyceridehttps://en.wikipedia.org/wiki/Triglyceride#Saturated_and_unsaturated_fatshttps://en.wikipedia.org/wiki/Fatty_acidNo need to learn all that! Just understanding the difference between mineral and organic oil, and what the saturation of the acids does to the triglyceride properties, would help you.
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Biodegradable transformer oil has about the same demands as yours, only more stringent. It's strongly processed from vegetable oils. It tends to be more fluid than metal working oils, but you could just try what operations it fits. This one is rather easily available.
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Emulsions rot easily even with mineral oil. With a vegetable one, I feel the challenge is too difficult as a hobby. You might check how the food industry protects and stabilizes its mayonnaise and other sauces, but I wouldn't even try.
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Biodiesel: oxidation act on the unsaturated (double) bonds of the fatty acids that make triglycerides (organic oils and fats). The transformation to biodiesel acts on the ester function to make the fuel fluid. Probably no relationship.
Any cheap alcohol can make biodiesel. Ethanol is usually restricted, so if methanol becomes scarce where you live, you can use isopropanol for instance. The reaction may need stronger pushing than with methanol, and you need a bigger mass of alcohol for the same mass of fatty acids.