The physico-chemical properties of lignin isolated from lignocellulosic bioethanol residues and hardwood kraft black liquor were compared with two commercial lignins, kraft softwood lignin, and soda non-wood lignin. Lignin from the industrial residues was isolated through the acid precipitation method. The amount of lignin isolated was approximately 38% of the dry weight of lignocellulosic bioethanol residues and approximately 27% of the black liquor solids. The numbers of methoxyl groups and phenolic and aliphatic hydroxyls were determined to derive a molecular formula for each of the four lignins. The molecular weights of the lignins were measured by high performance size exclusion chromatography. Potential value-added applications of the lignins were summarized based on their molecular weights and physico-chemical characteristics.