Effects of the emulsifier type, hydrophilic-lipophilic balance (HLB) value, bio-oil ratio, ultrasonic power density, and ultrasonic time were tested relative to the physicochemical properties and stability of emulsified oils to broaden the use of bio-oil and overcome its defects. The results showed that the turbidity and stabilization times of the emulsified oils reached the maximum values of 184 NTU and 84 min (Span 80 and Tween 80), 191 NTU and 92 min (HLB value of 5), 280 NTU and 92 min (bio-oil ratio of 5%), 191 NTU and 81 min (ultrasonic power density of 0.96 w/mL), 273 NTU and 97 min (ultrasonic time of 20 min), respectively. When the bio-oil to methanol ratio was 1:1, the turbidity value of the emulsified oil reached a maximum value of 664 NTU and the stability time was greater than 24 h. The Fourier transform infrared (FTIR) analysis indicated that the emulsified oil did not delaminate after 30 d, and the uniformity and stability of the emulsified oil were improved.
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