Torrefaction followed by densification improves the heating value, grindability, and logistical treatment efficiency of biomass. Study of the pyrolysis and gasification of torrefied biomass pellets has great significance for the efficient conversion and utilization of biomass. In this study, the thermal behavior and reaction kinetics of pyrolysis and following in-situ CO2 gasification of torrefied corn stalk pellets were investigated in a macro-thermogravimetric analyzer. Torrefaction reduced the amounts of volatiles released during pyrolysis and the maximum pyrolysis rate of pellets decreased with the increase of torrefaction temperature. A three-pseudo component model applied for the pellet pyrolysis process suggested that the contribution of hemicellulose reduced as indicated by a decrease in activation energy, while lignin contributed more to the overall kinetics with the increased torrefaction temperature. The gasification of chars after the pyrolysis of torrefied pellets based on the nucleation and growth model indicated that as the torrefaction temperature increased, the gasification reactivity decreased, as implied by the evolutions of pore structures, ash compositions and graphitized crystal structures of the pellet pyrolysis chars. The higher activation energy increased the reaction resistance during the pellet gasification process. The results showed that torrefaction and densification together influenced the reaction behavior, reactivity and overall kinetics of biomass.