Given the urgency to combat climate change and ensure environmental sustainability, this review examines the transition to net-zero emissions in chemical and process industries. It addresses the core areas of carbon emissions reduction, efficient energy use, and sustainable practices. What is new, however, is that it focuses on cutting-edge technologies such as biomass utilization, biotechnology applications, and waste management strategies that are key drivers of this transition. In particular, the study addresses the unique challenges faced by industries such as cement manufacturing and highlights the need for innovative solutions to effectively reduce their carbon footprint. In particular, the role of hydrogen as a clean fuel is at the heart of revolutionizing the chemical and process sectors, pointing the way to cleaner and greener operations. In addition, the manuscript explores the immense importance of the European Green Deal and the Sustainable Development Goals (SDGs) for the chemical industry. These initiatives provide a clear roadmap and framework for advancing sustainability, driving innovation, and reducing the industry’s environmental impact, and are a notable contribution to the existing body of knowledge. Ultimately, alignment with the European Green Deal and the SDGs can bring numerous benefits to the chemical industry, increasing its competitiveness, promoting societal well-being, and supporting cross-sector collaboration to achieve shared sustainability goals. By highlighting the novelty of integrating cutting-edge technologies, addressing unique industrial challenges, and positioning global initiatives, this report offers valuable insights to guide the chemical and process industries on their transformative path to a sustainable future.