Pyrolysis of corn stalk with a solid heat carrier was studied under temperatures ranging from 430 to 620 °C. The solid heat carrier used was high-temperature ash from a CFB boiler. The yields of three products and their characteristics were investigated. Moreover, the distributions of sulfur and nitrogen in the products were determined. The results indicate that with increasing temperature, the char yield decreased, gas yield increased, and calorific value of the gas increased from 10.13 to 16.65 MJ/m 3 . The yield of bio-oil reached a maximum, 14.24 wt.%, at 510 °C. Light-oil in the bio-oil accounted for more than 69.12 wt.%. The elemental composition of the char and char ash were analyzed. The distribution of sulfur and nitrogen in the char decreased to 60.44 and 46.52 wt.%, respectively, depending on the raw materials used. These results provide basic data for the possible industrial application of corn stalk.