Although lipases are produced widely in nature by various animals, plants, and microorganisms, only lipases of microbial origin, mainly bacterial and fungal, are commercially significant due to their diversity in catalytic activity, high yield, and low cost of production, as well as the relative ease of genetic manipulation. Moreover, not only are microbial lipases stable in organic solvents but they also do not require cofactors, in addition to encompassing broad substrate specificity