The hydrothermal liquefaction (HTL) technique for liquefying lignocellulose biomass feedstock is often associated with low biocrude yield and poor fuel properties. This study examined the HTL of southern yellow pine sawdust and the hydrotreatment (HYD) of produced biocrudes in an effort to address these challenges. Pine HTL treatment was performed within water and water–ethanol mixed reaction medium at 250, 300, and 350℃ temperatures using metallic iron (Fe) as a catalyst. The rising reaction temperature in a water medium and increasing ethanol content in a mixed reaction medium were found to be effective in enhancing the biocrude yield from the non-catalytic pine HTL process. Maximum non-catalytic biocrude yield of 18 wt.% was produced in water at 350℃, whereas the ethanol and water (1:1 on mass basis) mixture generated the highest biocrude yield of 34 wt.% at 300℃ without any catalyst. The iron catalyst facilitated a maximum of 29 wt.% of biocrude yield as opposed to 18 wt.% without the catalyst at 350℃ in water. The use of an iron catalyst also raised the calorific value of produced biocrudes by 2.5–14 % within 250-350℃ in both water and water–ethanol media. The catalytic and non-catalytic biocrude products were chosen to undergo HYD treatment at 400 °C under high hydrogen pressure (initial 1000 psi) using an alumina-supported cobalt-molybdenum catalyst. The HYD treatment reduced the oxygen content of upgraded oils by 36–60 % compared to the parent HTL biocrudes with 35–37 MJ/kg calorific values. The simulated distillation detected the maximum gasoline range compounds in upgraded oil from catalyst and water–ethanol conditions, whereas the GC–MS analysis revealed the production of increased aromatic hydrocarbons in all upgraded HYD oils. This work has demonstrated the potential of ethanol and inexpensive iron catalyst in enhancing the biocrude production from pine, which could be upgraded to better fuel using the HYD process.