Non-renewable fossil fuels and the air pollution associated with their combustion have made it necessary to develop fuels that are environmentally friendly and produced from renewable sources. In addition, global warming and climate change have brought to the attention of many countries the need to develop programs and reforms, such as the 2030 Agenda of the United Nations and the European Green Deal, that finance and promote the conversion of all socio-economic activities in favor of sustainable and environmentally friendly development. These major projects include the development of non-polluting biofuels derived from renewable sources. Vegetable oils are a renewable source widely used to produce biofuels due to their high energy density and similar chemical composition to petroleum derivatives, making them the perfect feedstock for biofuel production. Green diesel and other hydrocarbon biofuels, obtained by the catalytic deoxygenation of vegetable oils, represent a sustainable alternative to mineral diesel, as they have physico-chemical properties similar to derived oil fuels. The catalyst, temperature, hydrogen pressure, and the type of vegetable oil can influence the type of biofuel obtained and its properties. The main aspects discussed in this review include the influence of the catalyst and reaction conditions on the catalytic deoxygenation reaction.