Biomass is a versatile energy resource that could be used as a sustainable energy resource in solid, liquid and gaseous form of energy sources. Torrefaction is an emerging thermal biomass pretreatment method that has an ability to reduce the major limitations of biomass such as heterogeneity, lower bulk density, lower energy density, hygroscopic behavior, and fibrous nature. Torrefaction, aiming to produce high quality solid biomass products, is carried out at 200-300 °C in an inert environment at an atmospheric pressure. The removal of volatiles through different decomposition reactions is the basic principle behind the torrefaction process. Torrefaction upgrades biomass quality and alters the combustion behavior, which can be efficiently used in the co-firing power plant. This paper presents a comprehensive review on torrefaction of biomass and their characteristics. Despite of the number of advantages, torrefaction is motivated mainly for thermochemical conversion process because of its ability to increase hydrophobicity, grindability and energy density of biomass. In addition to this, torrefied biomass could be used to replace coal in the metallurgical process, and promoted as an alternative of charcoal.