“…The results revealed that an ethanol content of 50% (v/v) in the co-solvent system produced the maximum DL yield (~ 90 wt.%) and the lowest SR yield (< 1 wt.%), which is in good agreement with the results of the previous studies on the hydrothermal liquefaction of biomass . As the ethanol content in the co-solvent system increased to > 50% (v/v), the DL yield decreased, accompanied by a drastic increase in SR yield, which may be related to a decreasing effect of hydrolytic depolymerization (Akiya, 1998). As such, with respect to DL yield, the 50/50 (v/v) co-solvent of ethanol-water was found to be the most effective solvent for reductive depolymerization of KL.…”