Not your regular cold-pressed coconut oil that goes solid at room temperature.

Liquid
Clear
Highly Stable
Odorless

Fractionated coconut oil comes from solid coconut oil from the Cocos Nucifera seed that has been physically processed to separate it into different fractions. The solid portion is further divided into specific saturated fats like lauric acid; the liquid portion is fractionated coconut oil. The fractionation process naturally deodorizes the oil.
Fractionated coconut oil is composed primarily of medium-chain triglycerides, known as MCT in the cosmetic and supplement industries. It stays liquid at room temperature, is clear, and is shelf-stable for use in creams, lotions, and many other cosmetic preparations. It quickly absorbs into the skin and acts as an effective carrier for other topical applications - hence why many natural health professionals use it as a carrier oil for essential oils. .
Common Uses:
Fractionated Coconut Oil quickly absorbs into skin, making it perfect for topical therapies. It will not clog pores and is great for dry or damaged skin. It works effectively to mix with essential oils, is completely clear, and has no scent.

A 5% dilution of essential oils is 1 teaspoon coconut oil to 5 drops essential oil.
A 10% dilution would use 10 drops of essential oil per teaspoon of carrier oil, and so on.

Shelf Life: 
Fractionated Coconut Oil is extremely resistant to breaking down and does not go rancid like other carrier oils. The shelf life is indefinite with proper storage (cool, out of direct sunlight). Refrigeration is not needed.
Cautions:
Allergic reactions to this oil are a possibilty in people who are allergic to coconut, though this is rare because of the processing.