The invention discloses a paint preparation technology, which is characterized by comprising the technological steps of: (1) raw material selection, wherein by weight percent, polystyrene foam, phenolic foamed plastics, waste rubber and nitrocellulose account for 65%, industrial alcohol, coal tar, acetone and water solvent account for 15%, pigment and filler account for 15%, and a wet dispersing agent, a defoaming agent, a delustering agent and a plasticizer account for 5%; (2) fusion refining; (3) primary fining; (4) dispersing; (5) blending and color modulation; (6) filtering; (7) packaging. The technology disclosed by the invention is reasonable and compact, technological process is reduced greatly, paint source is wide, the technology belongs to waste reuse, and production cost is reduced; meanwhile, according to the raw material ratio, the technology is convenient for preparing various functional paints and can meet the requirement of production technology of the paints, dosage and ratio are accurate, deviation is small, product quality is guaranteed, and yield of enterprises is improved effectively.