TECHNOLOGY FOCUS - INSTRUMENTATION AND TESTING - Preferred Components: The mechanical device comprises a chipper to produce particulate wood having dimensions of 6 mm to 2 cm. The mechanical device comprises a mill to produce milled particulate wood. The system further comprises: cooling device for cooling the torrefied biomass product; mill device to reduce the raw biomass product to a raw particulate biomass product; and a boiler unit (92) for heating the bioliquid. The treating device comprises one of a bioliquid bath or a bioliquid spray. The treating device comprises a liquid dryer (86). The liquid dryer is filled with the bioliquid and produces condensed steam as moisture leaves the raw biomass product. The torrefaction chamber release gases contained in the raw biomass product while effecting torrefaction and the gases are supplied to the boiler unit to supplement the energy required to heat the bioliquid.    TECHNOLOGY FOCUS - ORGANIC CHEMISTRY - Preferred Method: The treating is spraying, submerging or liquid drying (preferred). The treating comprises liquid drying with the bioliquid at 150-250 degrees C, where the temperature is approximately 200 degrees C. The method further comprises: treating the milled particulate wood with a first bioliquid comprising an animal fat and plant oil to produce a bioliquid-milled particulate wood mixture; treating the wood mixture in a pellet mill extruder to produce pellets having dimensions of 6 mm to 2 cm; and effecting treating, heating and removing steps, where the pellets constitute the particulate wood. The effective temperature is greater than 200 degrees C, preferably 240-375 degrees C. The process further comprises filtering the bioliquid before any one of treating step or heating step. The process further comprises: cooling the torrefied wood product; and cooling the torrefied wood product at least in part with condensed steam obtained from the liquid drying step. The heating step results in the release of gases contained in the particulate wood product, where the method further comprises the step of recovering the gases and using the gases to supplement energy required to maintain the bioliquid at the temperature. The condensed steam is used to cool the torrefied biomass product in the cooling device. Preferred Components: The bioliquid comprises one of a vegetable oil, soybean oil or canola oil. The biomass material is wood material, cellulosic agricultural material, peat moss or industrial sludge. The wood material is in the form of chips, pellets or bark. The torrefied biomass product has a vegetable oil content of at least 1 (preferably 4-12) wt%. The raw biomass material is hardwood chips, softwood chips, pellets, bark, cellulosic waste agricultural materials, peat moss or industrial sludge. EXAMPLE - No suitable example given.