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Esters are prepared conventionally by reacting alcohols and fatty acids at moderately high temperature in presence of different inorganic and acid catalysts. However,processes based on such catalytic reactions suffer from disadvantages of harsh reaction conditions,difficulty in catalyst recovery etc. Lipase catalysed esterifications have shown to be advantageous from process point of view. Lipase can be effectively used to synthesize special types of esters which can be introduced as high value added product. These reactions involve mild reaction conditions which saves...