Catalyst plays an important role in direct cola liquefaction(DCL)^[1],Due to relatively high activity,low cost and environmentally benign for disposal,iron catalysts are regarded as the most attractive catalysts for DCL.To maximize catalytic effect and minimize catalyst usage,ultra-fine size catalysts are preferred.The most effective catalysts are found to be those impregnated onto coal because of their high dispersion on coal surface and intimate contact with coal particles.