21st century global market place is moving towards sustainable development. Today’s chemical industries need to give more focus for the planet through improving the environmental foot prints of fuels and chemical manufacturing processes. Oxidation and hydrogenation process are widely used in the production of chemicals and fuels. Oxidation processes are especially important to convert petroleum-based materials to useful petrochemicals of higher oxidation state. Oxidation process using eco-friendly oxidizing agents such as molecular oxygen, ozone and hydrogen peroxide (H2O2) are increasingg becoming important to improve the environmental sustainability.