The present invention relates to a composition comprising a carrier liquid and lignin or lignin derivatives; wherein at least one of the hydroxyl groups of the biomass have been substituted with ester groups. The composition may be used for preparing fuels or lubricants.

The present invention relates to a composition comprising a carrier liquid and lignin or lignin derivatives; wherein at least one of the hydroxyl groups of the biomass have been substituted with ester groups. The composition may be used for preparing fuels or lubricants.

The present invention relates to a composition comprising a carrier liquid and lignin or lignin derivatives; wherein at least one of the hydroxyl groups of the biomass have been substituted with ester groups. The composition may be used for preparing fuels or lubricants.

The present invention relates to a composition comprising a carrier liquid and lignin or lignin derivatives; wherein at least one of the hydroxyl groups of the biomass have been substituted with ester groups. The composition may be used for preparing fuels or lubricants.

The present invention relates to a composition comprising a carrier liquid and lignin or lignin derivatives; wherein at least one of the hydroxyl groups of the biomass have been substituted with ester groups and wherein the carrier liquid is a gas oil. The composition may be used for preparing fuels or lubricants.

The present invention relates to a composition comprising a carrier liquid and lignin or lignin derivatives; wherein at least one of the hydroxyl groups of the biomass have been substituted with ester groups and wherein the carrier liquid is a gas oil. The composition may be used for preparing fuels or lubricants.

The present invention relates to a composition comprising a carrier liquid and lignin or lignin derivatives; wherein at least one of the hydroxyl groups of the biomass have been substituted with ester groups and wherein the carrier liquid is a gas oil. The composition may be used for preparing fuels or lubricants.

The present invention relates to a composition comprising a carrier liquid and lignin or lignin derivatives; wherein at least one of the hydroxyl groups of the biomass have been substituted with ester groups and wherein the carrier liquid is a gas oil. The composition may be used for preparing fuels or lubricants.

The refrigerator oil of the present invention contains an oxygen-containing base oil and a viscosity index improver, and has a viscosity index (VI) of 200 or more and a volume resistivity of 110.sup.9 m or more.

The present invention relates to a composition comprising a carrier liquid and lignin or lignin derivatives solubilized in said carrier liquid; wherein at least one of the hydroxyl groups of the lignin or lignin derivatives have been substituted with ester groups forming esterified lignin or lignin derivatives. The composition may be used for preparing fuels or lubricants.