“…Bio-oil typically consists of a complex mixture of organic compounds such as acids, alcohols, aldehydes, esters, ketones, sugars, guaiacols, syringols, furans, lignin-derived phenols, levoglucosans, and other compounds [9]. The presence of a high water content and the high percentage of oxygenated compounds (35)(36)(37)(38)(39)(40) wt.%) are the main reasons for bio-oil's negative properties, such as low heating value (13-20 MJ/kg) and immiscibility with fossil fuels [10]. Additionally, bio-oil has a strong tendency to polymerize during storage and transit and contains substantial quantities of carboxylic acids, such as formic, propanoic, and acetic acids, which results in low pH values (2)(3) and makes bio-oil more corrosive [11].…”