During the past few decades, the treatment of hazardous waste and toxic phenolic compounds has become a major issue in the pharmaceutical, gas/oil, dying, and chemical industries. Considering polymerization and oxidation of phenolic compounds, supercritical water oxidation (SCWO) has gained special attention. The present study objective was to synthesize a novel in situ Fe2O3nano-catalyst in a counter-current mixing reactor by supercritical water oxidation (SCWO) method to evaluate the phenol oxidation and COD reduction at different operation conditions like oxidant ratios and concentrations. Synthesized nano-catalyst was characterized by powder X-ray diffraction (XRD) and transmission electron microscope (TEM). TEM results revealed the maximum average particle size of 26.18 and 16.20 nm for preheated and non-preheated oxidant configuration, respectively. XRD showed the clear peaks of hematite at a 2θ value of 24, 33, 35.5, 49.5, 54, 62, and 64 for both catalysts treated preheated and non-preheated oxidant configurations. The maximum COD reduction and phenol oxidation of about 93.5% and 99.9% were observed at an oxidant ratio of 1.5, 0.75 s, 25 MPa, and 380 °C with a non-preheated H2O2 oxidant, while in situ formed Fe2O3nano-catalyst showed the maximum phenol oxidation of 99.9% at 0.75 s, 1.5 oxidant ratio, 25 MPa, and 380 °C. Similarly, in situ formed Fe2O3 catalyst presented the highest COD reduction of 97.8% at 40 mM phenol concentration, 1.0 oxidant ratio, 0.75 s residence time, 380 °C, and 25 MPa. It is concluded and recommended that SCWO is a feasible and cost-effective alternative method for the destruction of contaminants in water which showed the complete conversion of phenol within less than 1 s and 1.5 oxidant ratio.