A two-way combined process of 
wax oil hydro-process and catalytic crack is carried out by entering 
wax oil, catalytic 
cracking re-circulating oil and catalytic 
cracking diesel oil into hydro-processor, hydrogenation reacting under existence of 
hydrogen and hydrogenation catalyst, separating for reactant to obtain gas, hydrogenation 
naphtha oil, hydrogenation diesel oil and hydrogenation 
tail oil, entering hydrogenation 
tail oil into catalytic cracker, crack reacting under existence of catalytic 
cracking agent, separating to obtain 
dry gas, liquefied gas, catalytic cracking 
gasoline, catalytic cracking diesel oil and catalytic cracking re-circulating oil and oil 
slurry, and circulating for catalytic cracking diesel oil and catalytic cracking re-circulating oil to hydro-processor. It has higher 
recovery rate and cetyl value, less 
sulfur content, arene content and 
coke output.