The current study investigated the conversion of palm oil sludge to value added products through pyrolysis. 27.4 ± 1.7 wt.% bio-oil and 49.9 ± 0.3 wt.% bio-char were obtained through pyrolysis. The bio-oil properties were within the specifications of ASTM D7544-09. High calorific value bio-oil (22.2 ± 3.7 MJ/kg) was obtained which can be considered as a favorable candidate for bio-refinery and can be used as liquid fuel by further upgrading. Activated bio-char removed 89.4 ± 2% of cadmium from water, which is comparable to the removal efficiency of commercial activated carbon. Disposal of palm oil sludge as bio-char will not give any hygienic issues.