In this paper, the potential of esterified Kraft lignin as a novel oil-soluble surfactant was examined. The lignin was chemically modified by esterification with lauric or stearic acid, making it soluble in solvents such as toluene or n-decane. Adsorption at the oil-water interface was then studied by the Du Noüy ring-method. The oil-soluble lignin behaved similar to water-soluble lignin surfactants, both the qualitative and quantitative progression of interfacial tension. Modeling revealed a surface excess of 7.5-9.0 × 10-7 mol/m2, area per molecule of 185-222 Å2, and a diffusion coefficient within the range 10-10 to 10-14 m2/s; all of which are in line with existing literature on water-soluble lignosulfonates. The data further suggested that the pendant alkyl chains were extended well into the paraffinic solvent. At last, bottle tests showed that the oil-soluble lignin was able to stabilize oil-in-water emulsions. The emulsion stability was affected by the concentration of lignin or NaCl as well as the oil phase composition. Aromatic oils exhibited lower emulsion stability in comparison to the aliphatic oil. In conclusion, a new type of surfactant was synthesized and studied, which may contribute to developing green surfactants and novel approaches to valorize technical lignin.