TIP A: Refined vs. unrefined coconut oil? The primary difference between refined and unrefined coconut oil is taste, not health benefits. Both are rich in medium-chain triglycerides (MCTs)—particularly lauric acid—which gives coconut oil it's status as a superfood and health(ier) substitute for vegetable oil or butter. Unrefined (or virgin) coconut oil tastes and smells nutty and will bring this flavor to your granola. Refined is neutral flavored, like grapeseed or vegetable oil.