Yellow poplar (Liriodendron tulipifera) was chosen as the woody biomass for the production of charcoal for use in a liquid fuel slurry. Charcoal produced from this biomass resulted in a highly porous structure similar to the parent material. Micronized particles were produced from this charcoal using a multi-step milling process and verified using a scanning electron microscope and laser diffraction system. Charcoal particles greater than 50 µm exhibited long needle shapes much like the parent biomass while particles less than 50 µm were produced with aspect ratios closer to unity. Laser diffraction measurements indicated D10, D50, and D90 values of 4.446 µm, 15.83 µm, and 39.69 µm, respectively. Moisture content, ash content, absolute density, and energy content values were also measured for the charcoal particles produced. Calculated volumetric energy density values for the charcoal particles exceeded the No. 2 diesel fuel that would be displaced in a liquid fuel slurry.