Lignosulfonate is a cheap material available in large quantities obtained as a byproduct of paper and cellulose. In this work, blends of polypropylene (PP) and sodium lignosulfonate (LGNa) were developed to evaluate the potential use of lignosulfonate as a lightweight, thermal insulation and flame retardant material. The blends were obtained by mixing in a torque rheometer and molded after compression. The blend proprieties were evaluated by physical, morphological, thermal, thermal conductivity, and flammability tests. The measured values were compared with theoretical models. The results indicated that a heterogeneous blend with a higher number of separated domains is formed when the LGNa content increases from 10 to 40 wt%. In addition, the density and thermal conductivity coefficient of the blends studied are not affected by the addition of LGNa. However, when the LGNa content in the blend exceeds 20 wt% the thermal stability and flame retardant proprieties are considerably reduced. The theoretical models based on the rule of mixtures showed a good agreement with the experimental values obtained from blend density, thermal conductivity, and thermal stability. In general, lignosulfonate tested in this work shows potential to be used as a reactive component in polymer blends.