In Sweden and other Scandinavian countries, wood waste materials are normally used for biofuel production or waste incineration. From environmental perspective, it is favourable to recy-cle wood material and use the concept of multiple sequential use than just burning it for short-term energy production. One of the objectives of this pre-study was to investigate the feasibility of wood waste material use as a resource for the production of environmentally friendly particleboards with low formaldehyde emissions. In this study, clean and unpainted wood waste material was used to produce three-layered particleboards bonded by three different types of binders: tannin-formaldehyde resin (TF resin), combination of tannin-formaldehyde resin and PMDI resin (TF-PMDI hybrid resin) and just PMDI resin. The particleboards were produced with a target density of 620 kg/m³. For each panel variant the mechanical and physical properties were analysed and in addition, the extractable formaldehyde content and formaldehyde release of the boards were characterized as well. The results point out that it is possible to manufacture particleboards based on recycled wood waste material and bonded by a binder combination of TF and PMDI resin (25 % : 75 %). Furthermore, the mechanical and physical properties as well as extractable formaldehyde content of particleboards achieve the requirements of European standard EN 312 (2010) for particleboards type P2. Specifically, particleboards bonded with TF-PMDI hybrid resin show competitive bonding properties compared to pure PMDI bonded particleboards and do also show superior properties in thickness swelling (2 h and 24 h), water absorption (2 h and 24 h), internal bond strength and extractable formaldehyde content.