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Refined Canola Oil for sale. Rapeseed botanically brassica napus, is a flowering member of the family Brassicaceae. It is also known by the names of rape, oil seed rape, rapa, rapaseed and canola oil. Specifications Refined Canola Oil: PARAMETER CHEMICAL SPECIFICATIONS Free Fatty Acid: 0.1 – 0.15% max Peroxide Value: 1.0 – 2.0 meq/kg max Color (Lovibond): 12.0 – 15.0 Yellow / 1.5 – 2.0 Red Iodine Value (Wijs): 100 – 122 Moisture: 0.05 %max AOM: 20 hrs min Cold Test: 5.5 – 12 hrs min Refractive Index @ 40oC: 1.460 – 1.467 Specific Gravity @ 25oC: 0.914 – 0.920 Saponification Value: 182 – 193 Smoke Point: 460 – 530oF Flash Point: 610 – 640oF Fire Point: 670 – 690oF Canola Oil is used in the manufacture of biodiesel for powering motor vehicles. It is the preferred oil stock for biodiesel production in most of Europe, partly because Canola produces more oil per unit of land area compared to other oil sources, such as soy beans.