Recently air pollution is becoming a global environment issue. Especially, the smoke from engines and boiler systems, which burn fossil fuels directly, is an extremely serious issue. For this reason, IMO is tightening regulations for the control of NOx and SOx. Therefore, in this study, the NOx reduction effect of emulsified oil mixed with 10% of water was tested after applying the emulsified oil to an industrial boiler burner using Bunker-C oil. The study showed that the exhaust gas oxygen concentration of emulsified oil was nearly 1.3% high and this was identified by the effect of dissolved oxygen contained in water. Also, based on the standard oxygen concentration(4%), the average and maximum NOx reduction rates were 28.53% and 30.23% respectively, which means the reduction efficiency was very high.