The purpose of this study is to evaluate the chemical exergy (ECH) of liquid products obtained from fast pyrolysis of biomass. I have calculated the chemical exergy values from a formula in literature and have developed a formula for estimating the chemical exergy of biomass from the higher heating value and their ultimate analysis values. The mean differences between these values range from -0.391% to 0.460%. The formula developed for estimating the chemical exergy of biomass from the higher heating value and their ultimate analyses had a correlation coefficient (R-2 = 0.9999), and the prediction of this formula is good. The goal is to identify desirable attributes that may serve as the basis for decision-making for future biofuel options. Studies on the pyrolytic oils showed that the oils obtained from chestnut cupulae and maple fruit can be used as a renewable fuel and chemical feedstock.