Petroleum waxes are complex mixtures of high molecular mass saturated hydrocarbons. These hydrocarbon mixtures mainly consist of n-, iso-, and cyclo-alkanes and traces of aromatic and hetero-analogous compounds in the range of C16-C65 [1,2]. They are mainly divided into two groups, macrocrystalline and microcrystalline waxes, according to their structural constituents. In refining industry, waxes are obtained as a by-product in lubricating oil manufacturing process. As paraffin waxes have excellent properties, such as water-repellency and lubricity they find a wide range of applications including paper and chipboard production, packaging materials, cosmetic and pharmaceutical industries, and plastic industries [2]. Apart from these, they are also used as a component of binder system in ceramic processing, metal powder molding and metal injection molding [3,4]. A technical grade paraffin wax was used as phase change material in deposition of solar energy due to its high latent heat of melting (i.e., 190 kJ kg -1 ) [5]. In most of its applications, thermal decomposition takes place during processing or sintering, such as ceramic or metal powder molding. Another use of paraffin wax is solid fuel for rocket systems. Recently, it has been studied as a high regression rate propellant. It is a candidate for rocket solid fuel, which is expected to replace the conventional rocket fuels, such as cryogenic combustible gases; polymethyl methacrylate (PMMA), high density polyethylene (HDPE), due to its low cost, reduced complexity and increased performance. It has been pointed out that paraffin wax regression rate is about 0.100 cm -1 , which is five times greater than the other solid hybrid fuels [6]. The thermal decomposition kinetics of RP-1 rocket propellant, which consists of paraffins, olefins and aromatics, was investigated between 375-500°C. Thermal decomposition kinetics of RP-1 was assumed to occur by first order reaction [7].Paraffin molecules having different chain length behave similarly towards most of the reactants under similar reaction conditions. When they are heated, they start to degrade into smaller chain lengths. The degradation of petroleum based material is assumed as first order reactions [8].The chain length can be decreased by high temperature treatment and solids having metal ions that act as catalysts. Paraffins in oxidizing media at high temperature undergo simultaneous pyrolysis and oxidation reactions. Pyrolysis of n-hexadecane, considered as paraffinic substance, was studied by Watanabe et al. at 500-550°C in a batch type closed reactor [9]. There were five elementary reaction groups in the pyrolysis of n-hexadecane; initiation, isomerization, b-scission, H-abstraction and termination. In this mechanism, n-alkanes were produced from H-abstraction and l-alkenes are formed via b-scission [9]. Polyethylene which is a polymeric paraffin was converted to liquid and wax products using zeolite with concentrations up to maximum mass by 50% [10]. Organometallic compounds are added to fuels in small qu...