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Fermentation...

of beer is a complex process where yeast cells metabolize fermentable sugars, rendering alcohol and carbon dioxide.

When yeast is added ("pitched") into the wort, there is a lag in time before active fermentation can be observed. Yeast wants to grow and multiply, just like other cells, and it will use oxygen as long as it is available. While oxygen is used in aerobic respiration, the yeast grow, move and multiply using glucose (a sugar) and oxygen, creating carbon dioxide and water as waste products. Not until all the oxygen is used up will the yeast begin anaerobic respiration, meaning "growing and reproducing without oxygen". During this process yeast use glucose but no oxygen is available, and products of these reactions are ethanol and carbon dioxide. In both processes there are other by-products which influence flavor, some desirable and some not. Selection of yeast strain, temperature, oxygen content, proteins and wild bacteria can have extreme effects of flavor.

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