The invention relates to a sintering expansion type light ceramsite produced by using oily sludge and a manufacture method of the sintering expansion type light ceramsite. The manufacture method is characterized by comprising the following steps of: uniformly mixing raw materials including oily sludge, building waste residue, waste energy-saving lamp residue, boiler waste residue, wood material processing waste residue, calcium oxide, calcium sulfate, carboxymethylcellulose, calcium carbonate, ferric sulfide, a polycarboxylate superplasticizer, ferrous sulfate, magnesium sulfate and water by using a dual-shaft mixing and stirring machine, manufacturing into spherical particles with diameters of 5-20mm by using a disc pelletizing machine, drying, roasting by using a dual-cylinder rotary kiln, controlling the temperature to be 1,050-1,200 DEG C and the time to be 10-25 minutes, cooling and discharging from the kiln, then screening and manufacturing to be a sintering expansion type light ceramsite product. The sintering expansion type light ceramsite product has the advantages and effects of being light in weight, preserving and insulating heat, absorbing and insulating sound, comprehensively utilizing and recycling solid waste resources, and being free of pollution, low in cost and good in benefit, and accords with the requirements of saving energy, reducing emission, protecting environment and developing low-carbon economy in China.