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Lipid is the collective name for fats, oils, waxes and fat-like molecules (such as steroids) found in the body. protection, waterproofing, insulation and buoyancy agents. The basic unit of lipids is a triglyceride, synthesised from glycerol (propane-1,2,3-triol) and fatty acids. Glycerol is a type of alcohol. Alcohols are organic compounds. Their molecules are characterised by hydroxyl groups, -OH. Glycerol is a trihydric alcohol, which means each molecule has three hydroxyl groups.
Glycerol and Fatty Acids. One major class of lipids is called glycerolipids. Glycerolipids are composed of glycerol and fatty acids. Glycerol, whose structural formula is shown at right, has three carbon atoms, each of which has a hydroxyl (-OH) group bound to it.Fatty acids are fairly long linear hydrocarbon chains with a carboxylic acid group at one end.lycerol, whose structural formula is shown at right, has three carbon atoms, each of which has a hydroxyl (-OH) group bound to it. Fatty acids are fairly long linear hydrocarbon chains with a carboxylic acid group at one end.