If I had it, I'd filter out the solids and let it stand so the oil could be filtered of the top of the fat content from the food then heat it to drive of the water content from the food and then I'd bung it in my fuel tank with the rest of the vegoil.....the fats that are left I'd use in my solid fuel burner.....OK it smells, so do most fuels!
Making it in to bio is extra work, you don't get as much and you have to use other materials which can be of a hazardous nature, leaving even more residue to be desposed of which will again be more hazardous.....
Thing is, is it worth the effort for such a small amount? probably not, give it to someone who already uses it....
Or just use it as it is for lamp oil and put up with the smell!
Nigel.