Both aerobic and anaerobic respiration involve chemical reactions which take place in the cell to produce energy, which is needed for active processes. Aerobic respiration takes place in the mitochondria and requires oxygen and glucose, and produces carbon dioxide, water, and energy.Lactic acid fermentation. Many bacteria use another process called lactic acid fermentation to regenerate NAD+ after glycolysis. ... Image shows how lactate fermentation regenerates NAD+ by transferring extra electrons from NADH to pyruvate, making lactate.Sep 19, 2014