Biomass has the potential to serve as a sustainable source of energy and organic carbon for our industrial society. The focus of this chapter is to provide a survey of different strategies to achieve chemical catalytic conversion of biomass-derived oxygenated feedstocks to value-added chemicals and fuels. The key reactions involved in the processing of biomass are hydrolysis, dehydration, isomerization, aldol condensation, reforming, hydrogenation/hydrogenolysis, and oxidation. Here, a few specific examples, namely efficient hydrolysis of cellulose over novel solid acids and synthesis of polyols by hydrogenation/hydrogenolysis of cellulose and sugar have been chosen for this review. Further, the selective conversion of platform molecules, such as furan, HMF, and biogenic carboxylic acids into intermediates, specialties, and fine chemicals has been considered. While many challenges are involved in biomass processing, understanding of fundamental reaction chemistry for different types of reactions can lead to the development of new approaches for specific processes.