A production method of edible walnut oil and degreased walnut protein milk comprises selecting materials, soaking, sanitizing, peeling, removing astringency, jordaning, centrifugalizing, sterilizing, refining, decoloring, preparing for degreased walnut milk etc. The production method of the edible walnut oil and the degreased walnut protein milk provided by the invention can not only use walnut kernel as raw material to produce two products of the walnut oil and the degreased walnut protein milk simultaneously, but also uses olive, peanut kernels, sunflower seeds kernels, sesame kernel, soybeans and vegetable seeds or the mixture of the substances to substitute the walnut kernel to produce corresponding edible oil and degreased protein milk, or different edible oil is confected into a blend oil, which can use the original nutrient components of the raw materials and does not contain chemically extracted bad side product, and the invention has simple production technique, few investment in equipment and high oil yield, so the invention is fit for modern automatic production.