NOVELTY - Preparing hydrocarbon products comprises: (a) providing a synthesis gas comprising hydrogen, carbon monoxide and carbon dioxide; (b) reacting the synthesis gas with an oxygenate mixture comprising methanol and dimethyl ether in presence of catalysts; (c) withdrawing a reaction mixture comprising methanol, dimethyl ether, carbon dioxide and water together with unreacted synthesis gas and cooling the reaction mixture; (d) separating the carbon dioxide containing liquid phase; (e) evaporating and reacting the liquid phase; and (f) separating tail gas from a liquid phase.    USE - The method is useful for the preparation of hydrocarbon products (preferably gasoline) (claimed), and/or fuels such as dimethyl ether and higher alcohols.    ADVANTAGE - The method: does not require any separate upstream or intermediate carbon dioxide removal; and avoids carbon dioxide removal from the recycled synthesis gas.    DETAILED DESCRIPTION - Preparation of hydrocarbon products comprises: (a) providing a synthesis gas comprising hydrogen, carbon monoxide and carbon dioxide; (b) reacting at least part of the synthesis gas with an oxygenate mixture comprising methanol and dimethyl ether in presence of one or more catalysts which together catalyze a reaction of hydrogen and carbon monoxide to oxygenates at a pressure of at least 3 MPa; (c) withdrawing a reaction mixture from step (b) comprising amounts of methanol, dimethyl ether, carbon dioxide and water together with unreacted synthesis gas and cooling the reaction mixture to obtain a liquid phase (4) with the amounts of methanol, dimethyl ether and water and simultaneously dissolving carbon dioxide in the liquid phase; (d) separating the carbon dioxide containing liquid phase from a remaining gaseous phase (3) comprising hydrogen and carbon monoxide; (e) evaporating and reacting the liquid phase being withdrawn from step (d) in presence of a catalyst being active in the conversion of oxygenates to higher hydrocarbons and a tail gas comprising carbon dioxide; (f) separating tail gas from a liquid phase with the higher hydrocarbons, and where pressure employed in step (c) to step (f) is substantially the same as employed in step (b).    DESCRIPTION OF DRAWING(S) - The figure shows a flow scheme of the method of preparing hydrocarbon products.    Module-adjusted synthesis gas (1)    Reaction mixture (2)    Gaseous phase (3)    Liquid phase (4)    Water and heavier hydrocarbons mixture. (8)