Recently, 5-chloromethylfurfural (CMF) was proposed as a central, intermediate in the conversion of carbohydrate-based material into useful organic commodities. In the present work, we have calculated the thermochemistry using the highly accurate G4 theory and several state-of-art density functional theory (DFT) methods (e.g., x1, M06-2X, B2PLYP-D, and XYG3) for the conversion from CMF to 5-hydroxymethylfurfural (HMF) and levulinic acid (LA) in water, and that to biofuels 5-ethoxymethylfurfural (EMF) and ethyllevulinate (EL) in alcohol. New reaction mechanisms have been proposed, which complement the well-recognized Horvat mechanisms. The assessment of DFT methods suggested that XYG3 be a viable method for biomass related thermochemistry calculations.