The invention relates to a method of utilizing straw to produce biomass fuel, corrugated paper and organic fertilizer. The method includes: cutting the straw, dusting through a dry process and a waterfilm, washing through hot water extraction for desanding, continuously boiling for hydrolysis, blowing and receiving, performing multistage countercurrent washing, jordaning at high concentration, treating fiber in a staged manner, concentrating long fiber, curing the long fiber, jordaning the long fiber, and using the long fiber to produce the corrugated paper; concentrating the short fiber, subjecting fine and broken fiber to enzymolysis, fermentation and distillation to produce cellulose alcohol, and separating waste mash for utilization. By the method, high-value comprehensive utilizationof each component of the straw is realized, wastewater COD biochemical degradability is high, inorganic salt accumulation is avoided, biogas is produced by high-concentration wastewater in the process and purified as natural gas, and low-concentration wastewater is recycled after being treated, so that a water system is a closed cycle, and there is no wastewater emission; a fine and broken fibercomponent is large in specific surface area and high in enzymolysis efficiency; the corrugated paper produced by a long fiber component is high in strength and quality, and cost of the cellulose alcohol can be lowered; biological natural gas and biomass particle fuel can reduce consumption of mineral fuel.