The conversion of biomass into chemicals and energy is essential in order to sustain our present way of life. Fossil fuels are currently the predominant energy source, but fossil deposits are limited and not renewable. Biomass is a reliable potential source of materials, chemicals and energy that can be replenished to keep pace with our needs. A biorefinery is a concept for the collection of processes used to convert biomass into materials, chemicals and energy. The biorefinery is a "catch and release" method for using carbon that is beneficial to both the environment and the economy. In this study, we discuss three elements of a wood-based biorefinery, as proposed by the SUNY College of Environmental Science and Forestry (ESF): hot-water extraction, hydrolysis, and membrane separation/concentration. Hemicelluloses are the most easily separable main component of woody biomass and thus form the bulk of the extracts obtained by hot-water extraction of woody biomass. Hot-water extraction is an important step in the processes of woody biomass and product generation, replacing alternative costly pre-treatment methods. The hydrolysis of hemicelluloses produces 5-carbon sugars (mainly xylose), 6-carbon sugars (mainly glucose and mannose), and acetic acid. The use of nano-filtration membranes is an efficient technology that can be employed to fractionate hot-water extracts and wood hydrolysate. The residual solid mass after hot-water extraction has a higher energy content and contains fewer easily degradable components. This allows for more efficient subsequent processing to convert cellulose and lignin into conventional products.