“…They are considered as the third largest enzyme group, after proteases and carbohydrases, based on their market value. There is a large potential for lipases in industrial applications such as additives in foods, pharmaceuticals (naproxen, ibuprofen), medical assay, cosmetics, leather, dairy industry (cheese ripening, flavour development, EMC technology), fine chemicals, detergents, paper manufacture and waste-water treatment (Hasan et al 2006). The enantioselective and regioselective nature of lipases have been utilized for the resolution of chiral drugs, fat modification, synthesis of cocoa butter substituent, biofuels, and for synthesis of personal care products and flavor enhancers (Hasan et al 2006;Treichel et al 2010).…”