The biodiesel from lignocellulosic materials has been widely recognized as an alternative fuel to meet energy requirements worldwide, facing fossil fuel depletion, and emerging energy policies. In this work, the biorefinery approach was applied for biodiesel production from jatropha and palm oils in order to make it economically competitive by the utilization of residual biomass as the feedstock for obtaining hydrogen via steam reforming of glycerol and gasification. The linear chains for hydrogen and diesel were simulated using UniSim software and main stream properties were collected from the literature or predicted by correlations. The proposed scheme of biorefinery was analyzed through environmental and techno-economic assessment to identify the feasibility of this process to be implemented. Three different blends of oils (JO10-PO90, JO20-PO80, and JO30-PO70) were considered in the environmental analysis to determine alternatives for reducing potential environmental impacts (PEIs). It was found that the acidification potential highly contributed to the environmental impacts attributed to the use of fossil fuels for heating requirements, and JO30-PO70 blend exhibited the lowest PEI value. The economic indicators were calculated to be 8,455,147.29 $USD and 33.18% for the net present value and internal rate of return, respectively. These results revealed that the proposed combined biomass biorefinery is feasible to be scaled up without causing significant negative impacts on the environment.