Ethanol has been employed as a solvent in biodiesel production and vegetable oil refining since it is more economically attractive and less toxic than methanol and hexane. Furthermore, ethanol has demonstrated easy recovery, good selectivity, and distribution coefficient for free fatty acids (FFA), which is the primary target in the refining process since high acidity oil can lead to the formation of side products. As the knowledge of phase equilibrium behavior of fatty systems is essential to design and optimize the extraction of FFA, this chapter will present two new UNIFAC subgroups for ethanol: EtOH-B, focused on biodiesel production; and EtOH-D, focused on the deacidification process. Except for ethanol and water subgroups fitted in this study, all remaining UNIFAC parameters were taken from the literature. The new EtOH-B and EtOH-D parameters provide a considerably lower mean square error (1.20% and 0.87%) than the other works available in the literature. The results show that new ethanol subgroups and the developed methodology are valuable tools in predicting liquid-liquid phase equilibrium for ethyl biodiesel and vegetable oil deacidification systems considered, resulting in reduced computational calculations and a relatively small split with the complex dataset established by the UNIFAC-LL model.