A process for producing liquid hydrocarbon products from a solid lignocellulose containing biomass feedstock, said process comprising the steps of: a) providing in a first hydropyrolysis reactor vessel a first hydropyrolysis catalyst composition, said composition comprising one or more active metals selected from cobalt, molybdenum, nickel, tungsten, ruthenium, platinum, palladium, iridium and iron on an oxide support, wherein the one or more active metals are present in an oxidic state, wherein the term 'oxidic state' means that 95% or more of the one or more active metals are present in an oxidation state greater than zero as oxides; b) contacting the solid biomass feedstock with said first hydropyrolysis catalyst composition and molecular hydrogen in said first hydropyrolysis reactor vessel at a temperature in the range of from 350 to 600°C and a pressure in the range of from 0.50 to 7.50MPa, to produce a product stream comprising partially deoxygenated hydropyrolysis product, H 2 O, H 2, CO 2, CO, C 1 - C 3 gases, char and catalyst fines; c) removing said char and catalyst fines from said product stream; d) hydroconverting said partially deoxygenated hydropyrolysis product in a hydroconversion reactor vessel in the presence of one or more hydroconversion catalyst and of the H 2 O, H 2, CO 2, CO, C 1 - C 3 gas generated in step a), to produce a vapour phase product comprising substantially fully deoxygenated hydrocarbon product, H 2 O, CO, CO 2, hydrogen and C 1 - C 3 gases, wherein the hydroconversion catalyst comprises one or more active metals selected from cobalt, molybdenum, nickel, tungsten, ruthenium, palladium, platinum, iridium and iron on an oxide support, wherein the one or more active metals is present in an oxidic state, and wherein the term 'substantially fully deoxygenated' is used to describe materials in which at least 90wt% of oxygen present in the original lignocellulose containing biomass has been removed. a) providing in a first hydropyrolysis reactor vessel a first hydropyrolysis catalyst composition, said composition comprising one or more active metals selected from cobalt, molybdenum, nickel, tungsten, ruthenium, platinum, palladium, iridium and iron on an oxide support, wherein the one or more active metals are present in an oxidic state, wherein the term 'oxidic state' means that 95% or more of the one or more active metals are present in an oxidation state greater than zero as oxides; b) contacting the solid biomass feedstock with said first hydropyrolysis catalyst composition and molecular hydrogen in said first hydropyrolysis reactor vessel at a temperature in the range of from 350 to 600°C and a pressure in the range of from 0.50 to 7.50MPa, to produce a product stream comprising partially deoxygenated hydropyrolysis product, H 2 O, H 2, CO 2, CO, C 1 - C 3 gases, char and catalyst fines; c) removing said char and catalyst fines from said product stream; d) hydroconverting said partially deoxygenated hydropyrolysis product in a hydroconversion reactor vessel in the presence of one or more hydroconversion catalyst and of the H 2 O, H 2, CO 2, CO, C 1 - C 3 gas generated in step a), to produce a vapour phase product comprising substantially fully deoxygenated hydrocarbon product, H 2 O, CO, CO 2, hydrogen and C 1 - C 3 gases, wherein the hydroconversion catalyst comprises one or more active metals selected from cobalt, molybdenum, nickel, tungsten, ruthenium, palladium, platinum, iridium and iron on an oxide support, wherein the one or more active metals is present in an oxidic state, and wherein the term 'substantially fully deoxygenated' is used to describe materials in which at least 90wt% of oxygen present in the original lignocellulose containing biomass has been removed.