Today, the energy crisis is one of the most important subjects throughout the world. The present rate of economic growth is unsustainable without saving of fossil energy like crude oil, natural gas, or coal. There are many alternatives to fossil energy such as biomass, hydropower, and wind energy. Also, suitable waste management strategy is another important aspect. Development and modernization have brought about a huge increase in the production of all kinds of commodities, which indirectly generate waste. Plastics & thermoplastics have been one of the materials because of their wide range of applications due to versatility and relatively low cost. The paper presents the current scenario of the plastic consumption. The aim is to provide the reader with an in depth analysis regarding the recycling techniques of plastic solid waste (PSW). Recycling can be divided into four categories: primary, secondary, tertiary, and quaternary. As calorific value of the plastics & thermoplastics is comparable to that of fuel, so production of fuel would be a better alternative. So the methods of converting plastic into fuel, specially pyrolysis and catalytic degradation, are discussed in detail and a brief idea about the gasification is also included. Thus, we attempt to address the problem of plastic waste disposal and shortage of conventional fuel and thus help in promoting of sustainable environment.