Polyurethane network binders were synthesized using polyethylene glycol (PEG) prepolymers, cellulose acetate butyrate (CAB), curative [Desmodur N100 (N100) or Desmodur N3200 (N3200)], and catalyst [dibutyltin dilaurate (DBTDL)]. Triacetin (TA) was added as plasticizer before the reaction. Polyurethanes were prepared by varying the molar ratio of ¡VNCO/-OH, weight ratio of TA/PEG, molecular weight of PEG, the amount of catalyst, the order of adding catalyst and curative, and the stirred time. Synthesized polyurethanes were characterized by Fourier transform infrared (FTIR) spectroscopy, thermogravimetric analysis (TGA), differential scanning calorimetry (DSC), tensile tests, and swelling tests to study their reaction, degradation, thermal, and mechanical properties. When the ratio of ¡VNCO/-OH was between 1.2 and 1.4, polyurethane gave the best mechanical properties. Additionally, the quenched polyurethane had a lower degree of crystallinity When the weight ratio of TA and PEG was bigger than 2, crystallization of polyurethane could be minimized during the tensile testing or after quenching. In this study, it was found that PEG with molecular weight of 4000 yielded the best mechanical properties. These results indicate that better and uniform mechanical properties can be obtained by using enough stirring time via varying the amount of catalyst and adding catalyst before curing agent.