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Esterification is the general name for a chemical reaction in which two reactants (typically an alcohol and an acid) form an ester as the reaction product. Esters are common in organic chemistry and biological materials, and often have a characteristic pleasant, fruity odor.
Esterification involves a reaction between a monohydric alcohol and the oil in the presence of a catalyst. The triacylglycerols in the oil are transformed into fatty acid esters and glycerol. Normally methanol is the alcohol used in this type of reaction. The catalyst promoting the reaction may be acid or alkali.