BTW I assume the extracting solvent is not critical just some hydrocarbon solvent. I've seen hexane, pentane, toluene, benzene etc all suggested.
Probably not, I asked a similar question before on this forum. "Consumer Products Guy" said hexanes, petroleum ether could be used for extraction.
I was set to use hexanes but had solvent quality issues. Hexanes from a major brand showed many peaks after concentration, evenlthough the bottle says "also meets ACS specifications, for HPLC, pesticide residue analysis, GC and spectrophotometry". I even tested a brand new bottle by just leaving the solvent in open air and dry(to rule out N2 quality, tubing), it showed the same peaks.
For typical usage, probably it is not an issue. However, I was doing extraction and purification of FAME using silica gel column. So after all the procedure, I was basically drying ~15ml hexanes down to 0.2ml. This causes some problems in chromograms.
Because of this issue, I am using N-heptane HPLC grade for my extraction and silica gel separation. The only problem is it takes longer to dry. We don't care much about the short chain fatty acid that much, so using a difficult to evaporate solvent is not a big deal.
I can see toluene will take even longer to evaporate. Benzene is highly toxic, and I would avoid it. Pentane is probably a bit expensive. Personally I am thinking of diethyl ester although it is more flammable.