This chapter explores the potentials of the alkaline peroxide pre-treated oil palm vascular bundle (oil palm waste) in the industrial production of pulp, paper and other cellulosic products like microcrystalline cellulose. Management of this escalating waste is a herculean task and creates environmental hazards hence urgent action is needed to create value out of these waste biomass. The pulp and paper industry being a large consumer of lignocellulose materials preferred the use of coniferous and deciduous trees for pulp production and papermaking because their cellulose fibres in the pulp make durable paper. In addition to this, the global population explosion and the economic development has resulted in the significant increase in demand for paper. With improvements in pulp processing technology through the use of environmental benign technology like alkaline peroxide pre-treatment it has been considered as suitable for paper pulp and other cellulose based products such as microcrystalline cellulose. Characterization of the alkaline peroxide pre-treated oil palm vascular bundles using the scanning electron microscope (SEM), Fourier transmission infra-red (FTIR) spectroscopy and X-Ray Diffraction (XRD) analyses confirm the micro-sized cellulose fibres. Use of these lignocellulosic materials can reduce the burden on the forest while supporting the natural biodiversity.