Amazing Properties of Glycerin. Glycerin is a viscous transparent liquid. It is easily generated by hydrolysis of natural fats and oils. It is absolutely water-soluble, has a sweet taste and dissolves many substances well.The chemical properties of glycerin are typical of polyalcohols. Glycerin is widely distributed in nature in the form of glycerides, main components of natural fats and vegetable oils. As concerns to its production in factory environment, the component is manufactured using the chlorine method.