The catalytic fast pyrolysis (CFP) of pine was investigated over 10 wt% MoO<
sub>
3<
/sub>
/TiO<
sub>
2<
/sub>
and MoO<
sub>
3<
/sub>
/ZrO<
sub>
2<
/sub>
at 500 �C and H<
sub>
2<
/sub>
pressures ? 0.75 bar. The product distributions were monitored in real time using a molecular beam mass spectrometer (MBMS). Both supported MoO<
sub>
3<
/sub>
catalysts show different levels of deoxygenation based on the cumulative biomass to MoO<
sub>
3<
/sub>
mass ratio exposed to the catalytic bed. For biomass to MoO<
sub>
3<
/sub>
mass ratios <
1.5, predominantly olefinic and aromatic hydrocarbons are produced with no detectable oxygen-containing species. For ratios ? 1.5, partially deoxygenated species comprised of furans and phenols are observed, with a concomitant decrease of olefinic and aromatic hydrocarbons. For ratios ? 5, primary pyrolysis vapours break through the bed, indicating the onset of catalyst deactivation. Product quantification with a tandem micropyrolyzer-GCMS setup shows that fresh supported MoO<
sub>
3<
/sub>
catalysts convert ca. 27 mol% of the original carbon into hydrocarbons comprised predominantly of aromatics (7 C%), olefins (18 C%) and paraffins (2 C%), comparable to the total hydrocarbon yield obtained with HZSM-5 operated under similar reaction conditions. In conclusion, post-reaction XPS analysis on supported MoO<
sub>
3<
/sub>
/ZrO<
sub>
2<
/sub>
and MoO<
sub>
3<
/sub>
/TiO<
sub>
2<
/sub>
catalysts reveal that ca. 50% of Mo surface species exist in their partially reduced forms (i.e., Mo<
sup>
5+<
/sup>
and Mo<
sup>
3+<
/sup>
), and that catalyst deactivation is likely associated to coking.