Public awareness on climate change, environmental problems and energy security is continuously growing and government cannot ignore the necessity to adopt urgent and sustainable (both economic and environmental) solutions to evolve our style of life. One of the solutions that is emerging is bio refinery: the conversion of biomass into valuable by-products, from bio-fuel to various chemicals. In a larger vision, it can be defined as a facility that optimizes the integrated production of heat, power, transportation fuels, materials, chemicals, feed and food from biomass. From the last few years, biorefinery is a promising sector with a considerable potential to capitalize the various lignocellulosic materials into a variety of relevant bio-products in industrial scale.