Under specific circumstances, the liquefaction product of biomass polyol can be converted into hard polyurethane foam. In this study, the rigid foam material (RPUF) was created by reacting the liquefaction product of Salix psammophila with isocyanate. The mechanical properties, chemical structure, cell structure, and thermal stability of RPUF were characterized by mechanical properties tests, Fourier transform infrared (FTIR), scanning electron microscopy (SEM), and thermogravimetric analysis (TGA). The impact strength, compressive strength, and flexural strength of RPUF after hygrothermal treatment showed a downward trend. FTIR showed that the change of temperature and humidity did not affect the chemical structure of RPUF. SEM showed that the destruction of cell structure of RPUF was increased with the extension of time. TGA showed that the initial decomposition temperature of RPUF was reduced by periodic hydrothermal treatment, and the residual carbon rate decreased with the extension of treatment time.