Biorefinery has emerged as a new concept to derive more than one utility product from biomass. The products from biorefinery include one or more biofuels (biodiesel, bioethanol, biomethane, and biohydrogen) along with other energy sources (syngas and bio-oil), pharmaceutical products, and commercially important chemicals. Biorefineries, thus could simultaneously produce biofuels, bio-based chemicals, heat, and power. The biomass production and its utilization as biofuel has a higher water footprint (WF) than fossil derived fuel. The biorefinery approach has the potential to bring down the WF. Similarly, biorefinery approach has the potential to bring down the carbon footprint. The value added product derived from biorefinery basket includes pigments, nutraceuticals, and bioactive compounds. The use of industrial refusals for biomass production includes wastewater as nutrient medium and utilization of flue gases (CO 2 ) as the carbon source for culture of microalgae. These processes have the potential to reduce fresh WF and carbon footprint.