The interest in the use of metal porphyrins in biomimetic catalysis has been constantly increasing during the last twenty years, as the enzymology studies were showing the role of this complexes as prosthetic groups of cytochromes P-450, peroxidases and catalases. In particular, a number of research groups have focused their interest on the ability of metal porphyrins to catalyze redox processes on organic compounds under mild conditions, both for converting these compounds into more usuful products and for purifying industrial effluents. The aim of this review is to highlight the efforts of researchers in utilising metalloporphyrins for economically attractive processes. Interesting reactions are allylic hydroxylations of cheap and readily available precursor monoterpenes (like limonene, pinene) for potential production of valuable natural flavour and fragrance compounds, selective oxidation of alkyl chains of the alkanes, regioselective oxidation of cyclic hydrocarbons (eg. cycloheksan), steroids, as well as reduction of the halogenated alkanes.