Walnut shell pyrolysis liquefaction experiments for phenolic enrichment were conducted using torrefaction pretreatment and fractional condensation simultaneously. Bio-oil composition was comprehensively analyzed for elements, functional groups and componential contents. After high-temperature torrefaction, the proportion of lignin pyrolytic products in pyrolysis organic vapors showed significant increment. Fractional condensation further separated water, acetic acid and other small molecular compounds, and improved the phenolic content in the target bio-oil. Compared with the traditional pyrolysis liquefaction technology, when 363 K water bath was utilized to recover 300 degrees C torrefled walnut shell pyrolysis vapors, the CIO ratio in bio-oil increased from 0.5 to 1.6, and the proportions of H in aromatic ring and phenolic OH increased by 150% and 400%, respectively. The total content of detectable phenols was enriched from 2.7 wt% to 13.3 wt%. The optimized scheme on improving economic efficiency was provided for offsetting torrefaction energy consumption and low bio-oil yield. (C) 2021 Elsevier Ltd. All rights reserved.