The use of pyrolysis to convert biomass into value-added products such as biochar and bio-oil holds great potential to facilitate fuels reduction projects, revitalize forest-dependent rural economies, and reduce net carbon emissions through fossil fuel offsets and carbon storage in biochar soil amendments. However, great uncertainty surrounds the use of pyrolysis technologies in the forest sector. Many of the knowledge gaps are related to understanding the economic and environmental performance of alternative technologies and operations, predicting feedstock flows and costs, and deploying equipment that can be effectively integrated into existing industrial infrastructure. Using a broad range of methods, this research provides:(1) financial analysis of mobile versus centralized pyrolysis operations;(2) spatially explicit models of biomass stocks, flows, and transportation costs under alternative land management scenarios;(3) assessment of energy and carbon balances associated with pyrolysis operations; and (4) productivity and financial analysis of in-woods pyrolysis based on data collected during field trials of a mobile pyrolysis reactor in Umpqua National Forest, USA. Though pyrolysis is in the early stages of development for forestry applications, results indicate that it has the potential to be profitable and carbon negative under certain land management scenarios, operational configurations, and market conditions.