Magnesium Oxychloride Cement (MOC) is an air-hardened material with chemical reaction between magnesium oxide and magnesium chloride solution. It has many properties superior to Portland cement. It does not need wet curing, has very good fire resistance, low thermal conductivity. In this study, wood composites were developed by using MOC as binder and wood powders as filler. It was demonstrated that MOC was suitable for binding wood particles in large quantities. In order to ensure smooth extrusion process, additives and rheological modifiers were used to modify the rheology behaviors and properties of the mixture and the rheology behaviors of fresh materials were also investigated with upsetting and relaxation tests simultaneously. Then MOC-based panels with different cross-sections were produced by using extrusion technology and mechanical properties of them were investigated.