Phytoremediation is an attractive strategy for cleaning soils polluted with a wide spectrum of organic and inorganic toxic compounds. Among these pollutants, heavy metals have attracted global attention due to their negative effects on human health and terrestrial ecosystems. As a result of this, numerous studies have been carried out to elucidate the mechanisms involved in removal processes. These studies have employed many plant species that might be used for phytoremediation and the obtention of end bioproducts such as biofuels and biogas useful in combustion and heating. Phytotechnologies represent an attractive segment that is increasingly gaining attention worldwide due to their versatility, economic profitability, and environmental co-benefits such as erosion control and soil quality and functionality improvement. In this review, the process of valorizing biomass from phytoremediation is described; in addition, relevant experiments where polluted biomass is used as feedstock or bioenergy is produced via thermo- and biochemical conversion are analyzed. Besides, pretreatments of biomass to increase yields and treatments to control the transfer of metals to the environment are also mentioned. Finally, aspects related to the feasibility, benefits, risks, and gaps of converting toxic-metal-polluted biomass are discussed.