We studied the physical and chemical characteristics of methyl and ethyl esters (biodiesel) produced by transesterification of pequi oil (Caryocar brasiliensis Camb.) in the presence of potassium hydroxide. The oil extracted from pequi seed comprises 60% of the fruit content. Such characteristics as density, acidity, viscosity, and carbon residue of the biodiesel meet ANP (Brazilian National Petroleum Agency) standards. Our tests demonstrated the feasibility of utilizing pequi oil for biodiesel production.