“…Iron species evolved from pyrite could rapidly transform into pyrrhotite and catalyze the hydrogen transfer reactions to enhance oil yield [6][7][8] and in contrast, char-forming reactions catalyzed by clay might limit the conversion of coal during liquefaction process [9]. Hence, demineralized treatment or solvent extraction has been applied to upgrade lignites for more efficient utilization and better understandings in coal structures [10][11][12][13][14]. Low-rank coals, as the preferred liquefaction feedstocks, contain significant amounts of exchangeable cations which are present in the form of carboxylic and phenic salts [15].…”