Pyrolysis oil is a synthetic fuel produced by heating biomass or waste materials without oxygen at around 500°C. It is a dark liquid with high oxygen content that has around 50-70% of the energy content of petroleum fuels. Pyrolysis oil can be used directly as a fuel in industrial boilers and furnaces. It can also be refined into diesel or other fuels for transportation. Fast pyrolysis in bubbling fluidized bed reactors is the most common production method, yielding around 60-70% liquid bio-oil from the biomass feedstock. Pyrolysis oil is being investigated for combustion in gas turbines and compression ignition engines in addition to direct industrial heating applications.