Abstract: This study examines the process of achieving socioeconomic and environmental sustainability through recycling of chemical wastes. The chemistry principle that matter is not lost or gained but remains constant is applied in here. Atom never wears out. What one laboratory or industry has no need of could be found useful in another. The recycling of chemical waste can serve as a means of providing solutions to many environmental and economic problems such as high cost of waste disposal and depletion of natural resources. The state of the art in the field of chemical recycling of polymers, textile waste and carpet, Cement Kiln Dust (CKD), Old Newspapers (ONP), domestic and municipal organic waste is reviewed in this study. The benefits and problems of this exercise are also highlighted. The conclusion drawn is that the recycling of waste is of immense benefits especially in solving the numerous environmental problems and boosting the nation’s economy but that not much is done, in developing nations for example, to sensitize the schools and the general public on the importance of recycling of chemical waste.