Biomass is a promising sustainable and renewable energy source, due to its high diversity of sources, and as it is profusely obtainable everywhere in the world. It is the third most important fuel source used to generate electricity and for thermal applications, as 50% of the global population depends on biomass. The increase in availability and technological developments of recent years allow the use of biomass as a renewable energy source with low levels of emissions and environmental impacts. Biomass energy can be in the forms of biogas, bio-liquid, and bio-solid fuels. It can be used to replace fossil fuels in the power and transportation sectors. This paper critically reviews the facts and prospects of biomass, the pyrolysis process to obtain bio-oil, the impact of different pyrolysis technology (for example, temperature and speed of pyrolysis process), and the impact of various reactors. The paper also discusses different pyrolysis products, their yields, and factors affecting biomass products, including the present status of the pyrolysis process and future challenges. This study concluded that the characteristics of pyrolysis products depend on the biomass used, and what the pyrolysis product, such as bio-oil, can contribute to the local economy. Finally, more research, along with government subsidies and technology transfer, is needed to tackle the future challenges of the development of pyrolysis technology.Energies 2018, 11, 3115 2 of 24 growth and ongoing economic and technological advancement around the world [4]. Currently, fossil fuels are the main source of energy because of their high calorific values, good anti-knocking properties, and high heating values; meanwhile, reserves are limited. Therefore, the development of alternative energy resources can lower the depletion of fossil fuel by reducing their consumption [5][6][7]. On the other hand, the world's heating condition is increasing every day. The atmospheric CO 2 level has crossed the risky level that was forecast to happen in another 10 years [8]. Furthermore, the depletion of fossil fuels and extreme change of climate have driven the search for alternative energies and renewable energy sources that can meet the world's energy demand, reduce greenhouse gas emissions, curb pollution, and maintain the planet's temperature at a stable level [9][10][11].Among the alternative energy sources, biomass can become a promising sustainable energy source, due to its high diversity and availability [12]. Biomass can be defined as all biodegradable organic material derived from animals, plants, or microorganisms. This definition also includes products, by-products, waste originating in agricultural activities, as well as non-fossil organic waste produced by industrial and municipal waste [13]. Biomass is the third most important source used to generate electricity and thermal applications [14,15]. The most common biomass feedstocks are banana peel, rice and coffee husks, sugarcane bagasse, palm oil processing residues, and the waste of animals [16,17]. ...