An ethanol production process and system for recovering high value oil products. The invention includes adding a heated lipid (oil) stream to a thin stillage stream to break the water/oil emulsion and free bound oil then recovering the oil. The lipid stream may be heated by use of existing process steam or other process energy source, or may be heated by the introduction of energy from an external source. The process uses oil as the heat transfer mechanism to increase both the volume and quality of the oil recovered.
