The development of studies for the production of wood derivatives has represented a real alternative to improve sustainability policies, mainly of native tree species. In this context, the reuse of lignocellulosic waste has contributed as an alternative to the industrial production of wood panels. This way, this work aims to produce and evaluate chipboards using particles of sugarcane bagasse (Saccharum officinarum) and particles of pine wood (Pinus taeda; Pinus elliottii) and using two types of binders, the Polyurethane derived from castor oil (PU-Castor) and Urea formaldehyde resin (UF). Different treatments were proposed for the production of boards with variations between the particle mass ratios, panels’ nominal density of 0.80 g/cm3 and pressing pressure of 50 kgf/cm2 for 10 minutes. Particle mixtures were used at 10% moisture for the PU-Castor adhesive and 3% moisture for the UF resin both with a content of 10% relative to the dry mass of the particles. For the pressing of panels with PU-Castor was used 100 °C and of panels with UF was used 130 °C. The boards were submitted to tests to evaluate the physical properties (density, moisture and swelling after 24 hours) and mechanical (modulus of elasticity, modulus of resistance to bending and perpendicular traction) according to the ABNT NBR 14810-1 and 2 (2013). The results showed that it is possible to use particles from sugarcane bagasse and pine wood for high density chipboards production. It was found that the boards produced with polyurethane presented higher efficiency and their physical and mechanical properties are compatible with the requirements of Brazilian Standard Regulations for P6 boards (Structural boards for use under severe load conditions for dry conditions use). However, it has been found that panels made with UF can be classified as type P2 panels – Non-structural boards for dry conditions use.