Lipids are hydrocarbon molecules constituting an essential part of living systems by serving as the building blocks of their structure and function. In biological and biochemical terms, the individual molecules of lipids contain both polar and non-polar constituents in them, making them almost entirely soluble in non-polar solvents while partially soluble in polar solvents (forming micelles). Typical examples of lipids are: oils (unsaturated lipids / having lesser hydrogens in their hydrocarbon chains), fats (saturated lipids…