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Eucalyptus is grown worldwide for a variety of products. We previously described their general importance for energy products and now update their various applications and potential as short-term and likely long-term medically related products. Many products currently derived from petrochemicals can be produced from Eucalyptus biomass. Eucalyptus bioproducts, which may be classified as naturally occurring, generated by biochemical processes, or as the result of thermochemical processes, have a broad and exciting range of applications.