In the wake of increasing environmental constraints, this work is aimed at developing a catalyst purely prepared from waste biomass source as the raw material. The catalyst is investigated for its applicability in transesterification of vegetable oil with the objectives: (i) to use waste shells of mollusk as raw material for the preparation of activated carbon and CaO; (ii) to use it as heterogeneous catalyst in the transesterification of waste cooking oil; (iii) to optimize the different parameters affecting the transesterification reaction; and (iv) to study its reusability. Under optimized conditions it was observed that a conversion >90% was possible and the catalyst could be reused five times with a slight loss in activity. This study indicates that the biomass source could also be used as a potential raw material in the synthesis of environmentally benign catalysts.