A pelletizing device comprising a rotary drivable at least partly cylindrical die, wherein the cylindrical part comprises a multitude of radial openings for forming of pellets and at least one roller rotatable around a stationary shaft, for pressing of material to be pelletized through the radial openings in the die, wherein the roller is mounted to the corresponding stationary shaft by means of at least one roller bearing and wherein the pelletizing device comprises an oil circulation system for lubricating each of the roller bearings of each of the rollers with oil.