Algae have the potential to be used as a feedstock for the synthesis of valuable compounds and biofuels. In addition, algal waste can be further transformed into biofuel, biogas, and biochar using different thermochemical processes such as microwave pyrolysis, pyrolysis, torrefaction, and hydrothermal conversion. Due to its high specific surface area, rapid electron transport, and graphitic carbon structure, algal biochar carbonized at high temperatures has shown outstanding performance for applications as CO₂ adsorbents, supercapacitors, and persulfate activation. Due to the combination of various functional groups and porous structures, the algae biomass pyrolysis at a moderate temperature produced high-quality biochar that shows high performance in terms of pollutant removal, while low-temperature pyrolysis produces coal fuel from algae via torrefaction. Over time, there have been exponentially more petroleum-based polymers created that have harmful impacts on both humans and the environment. As a result, researchers are becoming more interested in algae-based biopolymers as a potential alternative strategy for establishing a sustainable circular economy globally. The advantages of microalgal biopolymer over other feedstocks are its capacity to compost, which provides greenhouse gas credits, its quick growth ability with flexibility in a variety of settings, and its ability to minimize greenhouse gas emissions.