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There is a long-standing belief that “you can make anything out of lignin…except money.” This chapter serves to highlight that opportunities for making money from biomass-derived lignin exist both with current technology in the production of steam and power to new emerging areas of R&D focused on value-added chemical and material coproducts from lignin. To understand and quantify the economic potential for lignin valorization, the techno-economic analysis methodology is first described in detail. As demonstrated in the provided case study, these types of economic evaluations serve not only to estimate the economic impacts that lignin conversion could have for an integrated biorefinery and outline drivers for further cost reduction but also identify data gaps and R&D needs for improving the design basis and reducing the risk for process scale-up.

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