Hydrothermal liquefaction of wood using a modified multistage shrinking-core model

•Wood liquefaction modelled with a modified shrinking core concept.•Cellulose, hemicellulose, and lignin hydrolysis are used to model the wood liquefaction.•Different reaction mechanisms are used for each model compound.•Both heterogenous and homogenous hydrolysis are considered.•Model predictions are obtained with three different process variables.