TECHNOLOGY FOCUS - ORGANIC CHEMISTRY - Preferred Process: In the process the content of the bimetallic active catalytic material is 2 - 50 wt.% and the iron-nickel atomic ratio is 0.2 - 0.5 (preferably 0.3). The reaction is carried out 200 - 400degreesC at 20 - 80 bar. In the reaction mixture, the concentration of carbon oxides is below 5 vol.% and the hydrogen concentration above 40 vol.%. Preferred Components: The carrier has a surface area greater than 20 m2/g. The bimetallic catalyst is impregnated on the carrier using precursors that transform into oxide upon heating in air. The carrier is selected from magnesium aluminum oxide, aluminum oxide, silicon dioxide, zirconium oxide or titanium oxide. EXAMPLE - EXAMPLE u A nickel (Ni) containing catalyst (test) was prepared using incipient wetness impregnation of spinel-type magnesium aluminum oxide support (having particle size of 0.25 - 0.5 mm and pore volume of 0.7 cm3/g and surface area of 70 m2/g) with an aqueous solution of nickel nitrate such that the resulting catalyst has 2.18 wt.% Ni. Prior to the impregnation, the support was dried in the oven at 200degreesC for 5 hours. The salt solution was allowed to fill the pores of the carrier for 4 hours. The impregnated spinel was dried at room temperature for 12 hours and heated in air upto 500degreesC with a heating rate of 2.5degreesC per minute and kept at 500degreesC for 5 hours. After impregnation, the sample was dried at room temperature for 12 hours and impregnated with the solution of ferric nitrate to provide an iron concentration of 0.3125 wt.% in the resulting catalyst. Impregnated catalyst was then dried at room temperature for 12 hours and heated in air upto 500degreesC with a heating rate of 2degreesC per minute and kept at 500degreesC for 5 hours. A catalyst (control) was prepared using incipient wetness impregnation of support similar to the test catalyst except that the concentration of nickel nitrate was 2.5 wt.% Ni in the resulting catalyst. The performance of catalyst (test and control) was tested in the fixed-bed quartz U-tube reactor. The catalyst (150 mg, fraction 0.25 - 0.50 mm) was placed into the quartz U-tube reactor between two layers of quartz wool. The flow of 2 vol% CO in hydrogen was admitted to the reactor at an hourly space velocity of 40000 h-1 and reaction pressure of 1.1 - 1.3 Bar. Prior to the activity measurements the catalyst were reduced at 300degreesC in hydrogen for 4 hours and then the temperature was lowered, while the CO methane and other product concentrations are monitored. The result of test/control for CO conversion (%) and selectivity to methane (%) was found to be 78.6/64.8 and 98.0/99.4 respectively.