This study focused on the synthesis of stable nanofluids and investigation of their rhelogical properties and transfer phenomena. Nanofluids of diamond/ethylene glycol, alumina/transformer oil and silica/water were made to use in this study. Rheological properties of diamond nanofluids were determined at constant temperature (25°C) using a viscometer. For the convective heat transfer experiment, alumina nanofluid passed through the plate heat exchanger. CO2 absorption experiment was conducted in a bubble type absorber containing silica nanofluid. Diamond nanofluid showed non-Newtonian behaviors under a steady-shear flow except the case of very low concentration of solid nanoparticles. The heat transfer coefficient of alumina nanofluid was higher than that of base fluid. One possible reason is that concentration of nanoparticles at the wall side is higher than that of microparticles. Silica nanofluid showed that both average CO2 absorption rate and total absorption amount enhanced than those of base fluid. The stably suspended nanoparticles create a mesh-like structure. That structure arrangement cracks the gas bubble and increases the surface area.