In this study, Prosopis juliflora biomass was co-liquefied with hydrocarbons rich paint waste for next generation fuel (bio-oil) production. Co-liquefaction (HTL) was performed at varying biomass to paint waste ratios (1: 0, 0: 1, 1: 1, 2: 1 and 1: 2) at different temperatures from 340 to 440 degrees C for a holding time of 60 min. Bentonite catalyst was added from 1 to 5% wt. to the HTL reactor. Gas Chromatography-Mass Spectroscopy (GC-MS) and Fourier Transform Infrared Spectroscopy (FTIR) analysis were carried out for bio-oil and HTL aqueous phase. Maximum bio-oil yield was around 49.26% wt. at 420 degrees C, 2: 1 blend and 4% wt. of bentonite catalyst. Energy and carbon recovery of bio-oil was around 70% and 96% respectively. Additionally, HTL aqueous phase was analysed and it showed presence of acids molecules in it. The gas from HTL process contained Carbon dioxide (46.25%), Carbon monoxide (6.38%), Methane (9.35%) and hydrogen (24.53%).