Utilization of abundant lignin-rich natural resources will provide new revenue streams for today’s kraft pulp mills. Owing to its phenol-rich structure, Lignin is very versatile and has much potential for application in many areas, for example: as a foundation for bulk chemical production, for conversion to fuel products, a binder material, a fertilizer, anti-oxidant, as a precursor for carbon fibres and nanofibres and for activated carbons.