This chapter deals with the kinetics of solvent extraction of oil from Amaranth, as well as the thermodynamics of the extraction process. Brief introduction of Amaranth and Amaranth oil yields and compositions were given. The justifications of the choice of extraction method, as well as the solvent used in the kinetics and thermodynamic studies, were discussed. Known kinetic models used to model vegetable oils extraction process, were discussed, with the view of evaluating the feasibility of fitting the obtained experimental data into the models. The extraction kinetic models considered are the parabolic diffusion, power law, hyperbolic, Elovich's and pseudo second order models. The thermodynamics of oil extraction process were also considered. Hence, the thermodynamic parameters, enthalpy, entropy and Gibb's free energy change of the process were also discussed.