Yellow phosphorous is an important raw material in the chemical industry. However, during the production of yellow phosphorous, high concentrations of carbon monoxide and other impurities are released. Without appropriate purification and removal, this off gas has potential to cause severe pollution problems once released. Purified yellow phosphorous off gas can be beneficially reused as a raw material in chemical production for synthesis of high value-added chemical reagents. In this paper, the significance of purification and reutilization of yellow phosphorous off gas are explored. The principles, processes, and main characteristics of the technologies for purification and reuse of yellow phosphorus off gas (including technical measurements of impurity reduction, relevant engineering cases, and public acceptance of the technologies) are summarized. In view of the existing problems and scientific development requirements, this paper proposes several recommendations for green production based on the concept of recycle economics. We conclude that advanced purification and comprehensive reutilization can be an effective solution for heavy pollution resulting from yellow phosphorous off gassing.