It gets recycled into various non-tasty but still useful commodities.
(The economics work out at restaurant scale but not necessarily at household scale. If you deep fry a lot at home, you might be responsible for transporting your own grease to someone who wants it.)
A few years back there was some eco-warrior protest outside trying to stop the lorries going in. Not really sure what they were trying to achieve with that as it seemed counter to their aims.
Plus, “one mega volt-amp” sounds way cooler than “a million watts” :)
It may have been a 1MVA transformer with a 480V three-phase secondary, that’s the properly sized transformer, but the utility may have undersized it at 500kVA based on calculated load.
That transformer was already oil-cooled, so adding a couple thousand extra gallons probably didn’t hurt the transformer too much lol.