Abstract: Kinetics of glycerol production by fermentation with osmotolerant yeast Candida krusei was studied. Suppositions of cell negative effect on and glucose inhibition in specific growth rate and glycerol assumption for energy maintenance were made. Based on the suppositions, a set of unstructured kinetic models including cell groWth, glucose consumption and glycerol accumulation rate was proposed. To avoid the significant decrease of produced glyccerol in the latter fermentation stage, the fermentation was suggested to be ended when the concentration ratio of glycerol to glucose is close to 7.