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Oleochemistry

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Oleochemistry is the study of vegetable oils and animal oils and fats, and oleochemicals derived from these fats and oils or from petrochemical feedstocks through physico-chemical modifications or transformation. First used in the making of soaps, oleochemistry is now part of our daily lives where it is found in a wide variety of sectors like food, cosmetics, pharmaceutical and industrial.

References

Oleochemistry Wikipedia