The name of the process by which the fats gets converted into fatty acids and glycerol is "Emulsification".

Lipolysis:

Lipolysis is the process by which the fats get converted into fatty acids and glycerol. This process is important for the utilization of fat stored in adipose tissues as an energy source.

Enzymes involved:

Lipolysis involves the action of three enzymes - lipase, monoglyceride lipase, and diacylglycerol lipase. These enzymes break down the triglycerides into their constituent fatty acids and glycerol.

Initiation of lipolysis:

Lipolysis is initiated by the activation of hormone-sensitive lipase (HSL) which is activated by the hormone glucagon and inhibited by insulin. HSL cleaves the first fatty acid from the triglyceride molecule, generating a diglyceride and a free fatty acid.

Further breakdown:

The diglyceride is then broken down into a monoglyceride and a free fatty acid by the action of monoglyceride lipase. The remaining monoglyceride is then hydrolyzed by diacylglycerol lipase to release the final fatty acid.

Transport of fatty acids:

The free fatty acids released during lipolysis are transported to the liver where they are converted into ketone bodies and released into the bloodstream. The glycerol released during the process is transported to the liver where it is converted into glucose through gluconeogenesis.

Conclusion:

Lipolysis is an essential process for the utilization of stored fat as an energy source. The breakdown of triglycerides into their constituent fatty acids and glycerol is a complex process that involves the action of multiple enzymes. The free fatty acids and glycerol released during the process are transported to the liver and utilized for energy production.