From what I have heard about lignin in the past,is that even though it usually only undergoes decomposition,combustion,breakdown,and etc.quite readily,it can still be the starting material for a major chemical industry based upon forestry wastes.They say that all kinds of fuels and plastics,and etc.could be manufactured from it.But I still don't know much about the specifics,as far as all the chemical pathways and processing steps it would entail.