Liquid smoke has a very large use, it is a result of condensation or condensation of pyrolysis vapor, directly or indirectly from wood materials such as cashew nut shells. Cashew nut shell is an abundant biomass of cashew nut processing industry but its utilization is not optimal. The purpose of this study was to make liquid smoke from cashew nut shell waste (technological aspect) and conduct economic analysis (economic aspect) to determine economic feasibility. Liquid smoke is made by pyrolysis at a temperature of 150-450oC in a simple batch type reactor. The results obtained were analyzed for its chemical components using Gas Chromatography-Mass Spectroscopy (GC-MC) spectrophotometer analysis. The largest liquid smoke production was obtained at a temperature of 450oC and a time of 2.5 hours with a yield of 19.46%. The main chemical components contained in liquid smoke are phenol (36.310%), acid (12.947%) and carbonyl (16.715%) respectively. With a liquid smoke production capacity of 200 tons per year, liquid smoke products can be sold at a price of IDR 3,620,137,785/years. Total Production cost 2,572,976,800/years. Annual net profit 733,012,689. Investigation of the economic feasibility of liquid smoke production, seen from the Rate of Rate on Investment, is 15.65%, Pay Out Time is 2.99 years and Break Event Point is 49.05%