A new process called Continuous Anti-Solvent (CAS) process was developed for the production of liposomes using supercritical CO(2). Unlike the current dense gas technologies. CAS method is a single step and continuous process. Preliminary experiments were conducted in semi-batch mode to determine the most suitable operating conditions (stirring speed = 225 rpm; water/lecithin mass ratio = 21) to ensure an efficient phase mixing in the autoclave. Then, two procedures were developed for the CAS process in the continuous mode. According to the results, the single exit procedure enhances the phase mixing in the autoclave with the formation of a CO(2)-in-water emulsion which is a good precursor to liposome formation. Liposomes prepared with the CAS method (P = 9 MPa; T = 308 K: CO(2) flow rate = 0.3 kg h(-1); organic solution flow rate = 240 mL h(-1); water flow rate = 180 mL h(-1)) are spherical and multilamellar with a medium diameter included between 10 and 100 mu m. (C) 2011 Elsevier B.V. All rights reserved.