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This lecture introduces the concepts of green chemistry and bio refinery, focusing on the potential of wood compounds like cellulose, lignin, and tannin. The instructor illustrates how these compounds can be used in product development, emphasizing the importance of transitioning towards sustainable, biobased solutions. The lecture covers the extraction and utilization of nano cellulose, the application of lignin in bioplastics, and the innovative use of tannin as a bio adhesive. Through examples ranging from beauty creams to 3D printing of tires, the lecture showcases the diverse applications of wood compounds in various industries, highlighting the shift towards a circular bioeconomy.