Catalyst‐free biodiesel production through supercritical transesterification is faster with the high conversion and a more environment‐friendly route than conventional catalyst transesterification. Improving and exploring the new possibilities in this alternative biodiesel production method by including newly available technology will lead us to a more sustainable future. In this paper, supercritical transesterification of biodiesel production has been reviewed in detail. The different parameters of this method, such as temperature, pressure, molar ratio, alcohol types, and residence time which affect the yielding and quality of fuel, have been reviewed. Besides, recycling the energy and suitable feedstock for this method has also been explored to reduce the intensive energy demand and operating cost. Furthermore, light has also thrown on co‐solvents effect on this method to reduce the extreme reaction conditions required. At last, the review concludes future recommendations in supercritical transesterification along with the challenges in energy integration and recycling.