Coconut oil is a great alternative for frying and cooking, and you will find it on many an ingredient list for vegan recipes. Who knows whether it really has the healing properties that many claim it does. Substances in coconut oil such as lauric acid, caprylic acid and capric acid, in addition to various polyphenols, are indeed well known for their health-giving properties. High-quality coconut fat and coconut oil should never be confused with palm fat and palm oil, however, as they are obtained from different plants.