More than 50 million tons of bark, mainly derived from pulp and wood industries, are produced annually in North America (Gupta, 2009). In Canada, only a fraction of the bark is used as an energy source by direct combustion, and the rest of the bark is incinerated or landfilled as waste (Cheng, Deng, Zhang, Riedl, & Cloutier, 2006). Both incineration and landfilling are nonsustainable avenues, whereas the combustion of bark is not ideal for energy production as it contains a high ash content that lower its heating values. Thus, the combustion of bark for energy recovery is not economically advantageous. In addition to ash, cellulose, hemicellulose, and lignin, bark also contains small amounts of bioactive compounds called extractives, which have potential to provide value-added coproducts