Oligo- and polyesters of polyglycerol and polyricinoleic acid are widely used as emulsifiers in various industries. Based on the condensation of glycerol and its oligomers with epoxidized derivatives of vegetable oils, new promising emulsifiers for oil-water systems were obtained. Complex structural and functional spectral analysis of synthesized substances showed that the main reactions leading to the formation of the desired products were the opening of epoxide cycles, the transesterification of esters and the condensation of fatty acid derivatives. The new combination of renewable raw materials is of undoubted interest for deeper vegetable oils chemical processing.