Natural rubber-based industries in Southern Thailand are generating concentrated latex sewage sludge (CLS), which is commonly managed by landfilling practice that is causing serious environmental hazards. The purpose of this study was to develop a method to produce pellets using CLS and para-wood sawdust as a potential biomass source for energy generation. The process started with dewatering the CLS through a decanter centrifuge. Then a flat die pellet mill was applied for copelletization. Finally, the pellets were investigated to evaluate the higher heating value and toxic heavy metals (Cu, Zn, Cr, As, Cd, and Pb) using proximate-ultimate analysis, fourier transform infrared analysis, scanning electron microscopy, calorific value, thermogravimetric analysis, atomic absorption spectrometer, and inductively coupled plasma optical emission spectroscopy. The results showed that the addition of the parawood sawdust resulted in higher heating value and lower ash content of 3,620 ± 12 kcal/kg and 4.93 ± 0.98%, respectively. Besides, it has increased the carbon content of the pellet from 28.23 to 46.26% highest among all the samples. Furthermore, the method developed in this study is not only environmentally friendly but also economically sound than the earlier management of CLS.