Preheat the oven to 425°F. Lightly grease 2 6-cavity or 1 12-cavity donut pan.
In a large mixing bowl, whisk coconut oil, oil and the sugar until well combined.
Stir in the egg replacer mixture. Mix well.
Next add baking powder, baking soda and salt. Mix well.
Add flour and milk alternately to the bowl and mix until combined. Finally stir in the chocolate chips.
Divide the batter evenly between in the prepared pans. Bake for 10 minutes or until a toothpick inserted into the center of the donut comes out clean.