1. No. It can be used to prepare glycerol.
2. Spentlye contains unreacted alkali, glycerol, water, NaCI, and soluble soap. It is first treated with acid to remove alkali, then with aluminium sulphate to remove soluble soap. It is then evaporated under reduced pressure to remove NaCI.
The resulting solution is then decolorised using animal charcoal, Then the solution is distilled under reduced pressure to remove water. In this way we get glycerol.