There are millions of tons of post-food processing residues discarded annually. Currently, these waste materials are discarded to landfill, used as animal feed or incinerated. This suggests that there are potential uses for these materials in value-added applications. This work focuses on the characterization and valorization of peanut hulls through the generation of green composites. Peanut hulls were pyrolyzed at 500 °C and analyzed to discover their unique surface morphology and relatively low ash content. Raman spectral analysis determined ID/IG values of 0.74 for the samples, suggesting greater graphitic content than disordered carbon content. Such results were confirmed in X-ray diffraction analysis by the presence of (002) and (100) planes. Partially biobased engineering thermoplastic, poly(trimethylene terephthalate) (PTT), was combined with 20 wt.% biocarbon. The tensile and flexural moduli improved with the addition of biocarbon, and the bio-content increased from 35 to 48 wt.% as compared to neat PTT. The higher temperature biocarbon was found to have superior performance over the lower temperature sample. The enhanced sustainability of these materials suggested that peanut hulls can be valorized via thermochemical conversion to generate value-added products. Future works could focus on the optimization of these materials for non-structural automotive components or electrical housings.