Powdered Peanut Butter, what is it? It's essentially peanut butter with all the oils removed. Or another way to look at it, is that it's the solid leftovers from making peanut oil. Apparently people use it instead of peanut butter, because it has less fat than normal peanut butter. If you're really that concerned with the fat in peanut butter, then I might recommend giving up all food in general. 

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