Quantum field renormalization group results of the theory of developed turbulence are reviewed. Background information about quantum field renormalization theory, including operator expansion and the renormalization of composite operators is given. As an example problem, the stochastic model of isotropic homogeneous turbulence is considered for which, using the renormalization technique, the existence of infrared scaling with Kolmogorov dimensions is proved. The dimension of composite operators and the infrared asymptotic behavior of various correlation functions are discussed, and numerical amplitude factors of scaling laws are calculated.