The document describes a process for producing oils and fuels from wood waste by reacting wood chips with carbon monoxide in the presence of a sodium carbonate catalyst at high temperatures and pressures, which converts the wood into oil and other products that can be used as fuels or recycled in the process. Key steps involve drying, grinding the wood waste; creating a wood-oil slurry to feed into the reactor; carrying out the reaction in the reactor; and recovering oil from the products while recycling gases.