The fast pyrolysis of biomass (larch) in a circulating fluidized bed pyrolyzer was performed and the physico-chemical characteristics of biocrude-oil was investigated. Standard sand was used for fluidizing material and various reaction temperatures from 400℃ to 550℃ was applied. Wood (larch) sample was examined thorough proximate analysis and thermogravimetric analysis (TGA). From the results of the sample test, thermal decomposition characteristics of wood (larch) was investigated. Various analyses were carried out to determine the physicochemical properties of biocrude-oil such as Higher heating value (HHV), water content, viscosity, ash content and microscopic anaysis. The maximum biocrude-oil yield was 49.9wt.% at 550℃. At this temperature, HHV and water content were 4562.0 kcal/kg and 13.8wt.%, respectively. From the study results, wood (larch) has potential as an alternative energy source.