"Palmitic acid, or hexadecanoic acid in IUPAC nomenclature, is one of the most common saturated fatty 
acids found in animals and plants.[2] Its molecular formula is CH3(CH2)14CO2H. As its name indicates, it is a major component of the oil from palm trees (palm oil, palm kernel oil, and coconut oil). Palmitate is a term for the salts and esters of palmitic acid. The palmitate anion is the observed form of palmitic acid at basic pH."