Supercritical fluid technology was applied to the regeneration of industrial catalyst contaminated with toxic materials. The regeneration process of activated loaded with phenol was proposed, then the adsorphon tower was packed with the activated carbon-bed. Phenol diffuses into supercritical carbon dioxide(SCC) through the micro-pore and voldge of the activated carbon. The saturated solubility of phenol in SCC depended on the density of SCC varing with temperature and pressure conditions. Therefore, the fasile phase equilibrium calculation model of dxpanded liquid One was proposed, and equilibrium solubility of phenol in SCC was calculated using the model theoretically. The regeneration mechanism of activated carbon was analysed by degree of saturation of phenol and diffusion in SCC. The solubility prediction was more satisfactory for the wide range of SCC density than the dense gas model and the desorption of phenol depended on the degree of saturation of phenol in SCC.