Common Uses: Cold & Hot Process Soap. Body Butter. Lotion. Coconut Oil is used in the food industry for cooking and frying, in baked goods and confections, and in ice cream coatings. Coconut oil also has applications in the cosmetic industry as an ingredient in soaps, skin moisturizers, and tanning lotions. Popular in cold and hot process soap making because it produces a wonderful lather. All Natural. Solubility: Insoluble in Water Short Term Storage: Air tight container. Dark location. Cool room temperature. Long Term Storage:Refrigeration can extend shelf life.