The invention discloses an OPP (oriented polypropylene) heat dissipating and insulating release film. The OPP heat dissipating and insulating release film comprises OPP, ceramic powder, epoxy resin 6101, furfural furfuryl alcohol resin, melamine, polyacrylamide, polyamide 66, nano-alumina, mica, talc, poly(vinyl butyral), PFA (perfluoroalkoxy alkane), PBT (polybutylece terephthalate), PET (polyethylene terephthalate), methoxypolyethylene glycols, PTFE (polytetrafluoroethylene), polymethylmethacrylate, polyphenylene sulfide, glass fibers, organic montmorillonite, paraffin, polyetheretherketone fiber, nano-SiO2, an antioxidant 1010, a light stabilizer 622, nano-TiO2, PP-g-MAH (maleic anhydride grafted polypropylene), a thickener and a coupling agent. The OPP heat dissipating and insulating release film has excellent insulation, water resistance, corrosion resistance, temperature resistance, weather resistance, adhesiveness as well as heat dissipation and energy storage functions.