Phytoremediation is a plant based environmental cleanup technology to contain (rendering less toxic), sequester and degrade contaminated susbtrates. As can be seen from data metrics, it is gaining cosiderable importance globally. Phytoremediation approach is being applied for cleanup of inorganic (potentially toxic metals), organic (persistent, emergent, poly-acromatic hydrocarbons and crude oil etc.) and co-contaminated (mixture of inorganic and organic) and/or polluted sites globally. Recently new approaches of utilizing abundantly available natural organic amendments have yielded significant results. Ricinus communis L. (Castor bean) is an important multipurpose crop viz., Agricultural, Energy, Environmental and Industrial crop. The current status of knowledge is abundant but scattered which need to be exploited for sustainable development. This review collates and evaluates all the scattered information and provides a critical view on the possible options for exploiting its potential as follows: 1. Origin and distribution, 2. Lead toxicity bioassays, 3. Progress in arbuscular mycorrhizal fungi-assisted phytoremediation, 4. Promising bioenergy crop that can be linked to pytoremediation, 5. A renewable source for many bioproducts with rich chemical diversity, 6. It is a good biomonitor and bioindicator of atmospheric pollution in urban areas, 7. Enhanced chelate aided remediation, 8. Its rhizospheric processes accelerate natural attenuation, 9. It is suitable for remediation of crude oil contaminated soil, 10. It is an ideal candidate for aided phytostabilization, 11. Castor bean is a wizard for phytoremediation and 12. Its use in combined phytoextraction and ecocatalysis. Further, the knowledge gaps and scope for future research on sustainable co-generation of value chain and value addition biobased products for sustainable circular economy and environmental security are described in this paper.