An apparatus for electrochemical reaction comprising a reaction vessel, an electrode received in said reaction vessel, said reaction vessel being adapted to receive a substance which is in a subcritical state and small amounts of electrolytic solution and, for emulsification purpose, surfactant, for emulsification purpose, Without said electrolytic solution contacting said electrode, means for pressurizing said reaction vessel to a level equal to or higher than atmospheric pressure but not higher than critical pressure of said substance, and means for electrolyzing said electrolytic solution when said substance and said electrolytic solution and in uniformly emulsified state so that electrochemical reaction takes place.