The present study evaluates the lipase (Novozym 435)-catalyzed transesterification of triolein and methanol mixtures to generate fatty acid methyl esters (FAMEs) using dimethyl ether (DME) in a batch reactor and a continuous pipe reactor. The addition of DME facilitated the preparation of homogeneous mixtures of triolein and methanol. The effect of the Novozym 435 and DME contents in the feed mixtures on the time-course of FAME production was analyzed. With increasing contents of Novozym 435 and DME in the feed mixtures, the FAME concentration increased more rapidly in the batch reactor than in the continuous reactor. The feed flow rate and DME content were varied, and the FAME concentration at the outlet of the pipe reactor was measured with variation of the residence time and DME content. Increasing the DME content in the feed mixtures and the residence time led to a more rapid increase in the FAME concentration for the batch reactor than that in the continuous pipe reactor.