On the occasion of the 30th anniversary of the journal “Science and Technology of Cereals, Oils and Foods”, this paper summarized the development and prospects in the field of oil chemistry and processing technology in Academy of National Food and Strategic Reserves Administration (Academy of NFSRA) over the past 30 years. This scientific research carried out by the Academy of NFSRA in the field of oil chemistry and processing technology over the past 30 years and its outstanding contributions to promoting the development of the industry were also reviewed. According to the development strategy under the new situation of China, the highlighted work in the field of oil chemistry and processing technology was summarized, and the new opportunities and challenges faced by the field of oil chemistry and processing technology research was further prospected.