Because of its high density and low cetane number, the light cycle oil (LCO) containing heavy aromatics (60%—80%) can hardly be transformed through the conventional hydro-upgrading technology. In this report, a novel LCO hydrocracking technology (FD2G) was proposed for the utilization of LCO to manufacture high value-added products. Through the ingenious combination of hydroprocessing catalyst and the hydrocracking process, the high octane gasoline and the ultra-low sulfur diesel (ULSD) blendstocks were produced simultaneously. The inlfuence of catalyst type, reaction temperature, pressure, respectively, on the research octane number (RON) of produced gasoline was studied in a ifxed bed hydrogenation reactor. It indicated that high reaction temperature and medium pressurewould favor the production of high-octane gasoline through the conversion of bi-aromatic and tri-aromatic hydrocarbons. The typical results of FD2G tech-nology on commercial units showed that it could produce clean diesel with a sulfur content of less than 10 μg/g and clean gasoline with a research octane number (RON) of up to 92. It would be contributed to the achievement of the maximum proift of a reifnery, the FD2G technology could provide a higher economic efifciency than the other diesel quality upgrading technology under the current gasoline and diesel price system.