Process Intensification (PI) is a vast and growing area in Chemical Engineering, which deals with the enhancement of current technology to enable improved efficiency; energy, cost, and environmental impact reduction; small size; and better integration with the other equipment. Since process intensification results in novel, but complex, systems, it is necessary to rely on optimization and control techniques that can cope with such new processes. Therefore, this review presents some advancements in the field of process intensification that are worthy of exploring in detail in the coming years. At the end, several important open questions that can be taken into consideration in the coming years are listed.