NOVELTY - A process (P1) involves: contacting a cellulosic material with a hydrogenation catalyst, a liquid medium, and a source of hydrogen; where the hydrogenation catalyst comprises a hydrogenating metal or its precursor and a megaporous structure. The megaporous structure has a porosity of at least 60% by volume; and at least 30 volume% of the pore volume comprises several pores having a diameter of greater than or equal to 1 micrometer.    USE - For liquefying a cellulosic material to produce liquefied product, particularly for producing a biofuel component and/or its precursor, where the fuel is a biodiesel, biokerosine or a biogasoline (all claimed). The cellulosic materials include agricultural wastes such as corn stover, soybean stover, corn cobs, rice straw, rice hulls, oat hulls, corn fiber, cereal straws such as wheat, barley, rye and oat straw; grasses; forestry products such as wood and wood-related materials such as sawdust; waste paper; and/or sugar processing residues such as bagasse and beet pulp.    ADVANTAGE - The process allows for effective recovery of the catalyst, resulting in an improved quality of the liquefied product, whilst additionally allows for an attractive degree of liquefaction of the cellulosic material. Further a high degree of saturation of the produced monomeric and/or oligomeric compounds can be obtained, which result in improved chemical stability and/or an increased heating value of the product and/or an improved processibility for further upgrading to biofuels.    DETAILED DESCRIPTION - INDEPENDENT CLAIMS are included for the following:    (1) process (P2) for producing a biofuel component involving: a) contacting a cellulosic material with a hydrogenation catalyst, a liquid medium, and a source of hydrogen to produce a liquefied product; where the catalyst comprises a hydrogenating metal or its precursor and a megaporous structure having a porosity of at least 60% by volume and at least 30 volume% of the pore volume has a diameter of greater than or equal to 1 micrometer; b) converting at least part of the liquefied product to a fuel component and/or fuel component precursor; and c) using at least a portion of the fuel component and/or the fuel component precursor in the preparation of a fuel; and    (2) a biofuel component produced by the process P2.