This study aims to investigate the influence of various reaction parameters (temperatures, working pressures and reaction time) on biodiesel yields and environmental and economic performance of rapeseed oil transesterification in supercritical methanol. Experiments were carried out in a laboratory-scale batch reactor. Results were statistically analysed and multiple regression models which describe and predict biodiesel yields with high certainty at different reaction conditions were provided. The highest biodiesel yield (93 wt%) was achieved at 350 degrees C and 12 MPa after 15 min of reaction. The lowest direct costs and life cycle environmental impacts (in terms of GHG emissions and fossil energy demand) are achieved at the highest yield due to the lowest oil consumption per unit of biodiesel produced. The results of sensitivity analysis showed that even at significantly lower oil feedstock prices this observation stands firm. (C) 2015 Elsevier Ltd. All rights reserved.