Abstract: The present invention relates to hydroformylation reaction processes. In one aspect, a hydroformylation reaction process comprises (a) contacting an olefin, hydrogen, and carbon monoxide in the presence of a homogeneous catalyst in a reactor to provide a reaction fluid, wherein the reactor comprises one or more reaction zones; (b) removing a portion of the reaction fluid from a first reaction zone; (c) passing at least a portion of the removed reaction fluid through a shear mixing apparatus to produce bubbles in the portion of the removed reaction fluid, wherein at least a portion of hydrogen and carbon monoxide provided to the reactor is introduced through the shear mixing apparatus; and (d) returning the removed reaction fluid to the first reaction zone through one or more nozzles wherein the returning reaction fluid exiting each nozzle is a jet, wherein the mixing energy density provided to the reactor by the jets is greater than or equal to 500 Watts/m3.