Apparatus for producing aqeueous, oily, sulfur containing products by producing a dispersion from a sulfur ingredient, oil and a surfactant, comprising wet grinding means for adjusting the particle size of a component of said sulfur ingredient, a reactor for producing said sulfur ingredient from its components at elevated temperature, a first pump for transporting the components of said sulfur ingredient to said reactor, a cooler for cooling the aqueous sulfur ingredient solution and solid residue from said reactor, separating means for separating the sulfur ingredient solution from the solid residue, dispersing means for emulsifying oil with the aid of a surfactant in said aqueous sulfur ingredient solution, containers each for storing said oil and said surfactant, second and third pumps for charging respectively oil and surfactant into said dispersing means, and means for recovering the aqueous, oily, sulfur containing emulsion product.