The chemical composition of lipids from bast fibers of flax (Linum usitatissimum), which are commonly used for high-quality paper pulp production, was thoroughly studied by gas chromatography-mass spectrometry. The main compounds identified were waxes, series of long chain n-fatty alcohols, n-aldehydes, n-fatty acids, and n-alkanes. Free and esterified sterols and triterpenols, steroid hydrocarbons, steroid and triterpenoid ketones, as well as sterol glycosides were also found in the flax bast fibers. On the other hand, the fate of these lipophilic compounds in alkaline pulping of flax fibers was investigated by analyzing two pulps obtained under distinct industrial cooking conditions. The results revealed that while waxes could be efficiently hydrolyzed during pulping depending on the alkali charge, most of the other lipophilic compounds present in flax fibers survived cooking and were present in the unbleached pulps.