BACKGROUND AND OBJECTS: In this study, the characteristics of bio-oil samples produced through slow pyrolysis of two different macroalgae, i.e. Azolla filiculoides and Ulva fasciata, at optimized conditions were determined and compared. METHODS: For this purpose, the effects of temperature (300-500 degrees C), carrier gas flow rate (0.2-0.8 L/min), and heating rate (10-20 degrees C/min) on the final bio-oil production were optimized using response surface methodology established by a central composite design. FINDINGS: The highest bio-oil yield from U. fasciata (34.29%) was obtained at the temperature of 500 degrees C, nitrogen flow rate of 0.2 L/min, and heating rate of 10 degrees C/min. As for A. filiculoides feedstock, the highest bio-oil yield (30.83%) was achieved at the temperature of 461 degrees C, nitrogen flow rate of 0.5 L/min, and heating rate of 20 degrees C/min. Both bio-oil samples contained saturated and unsaturated hydrocarbons. However, the average hydrocarbon chain length was relatively shorter in U. fasciata bio-oil (C4-C16) than in bio-oil from A. filiculoides (C6-C24). Although both bio-oils had almost identical heating values, the U. fasciata bio-oil showed more appropriate properties, i.e. lower viscosity and density. Furthermore, the energy recovery from U. fasciata pyrolysis was calculated as 56.6% which was almost 1.5 times higher than the energy recovery from A. filiculoides pyrolysis. CONCLUSION: The results indicated that U. fasciata bio-oil, with its superior characteristics, could be proposed as a promising candidate for application in diesel-based automotive industries. (C) 2021 GJESM. All rights reserved.