A process for conversion of a cellulosic material comprising a) a liquefaction step, comprising contacting a cellulosic material with a liquid solvent at a temperature of equal to or more than 200° C.; or contacting a cellulosic material with a liquid solvent at a temperature of equal to or more than 100° C. in the presence of a catalyst, to produce a final liquefied product; b) a catalytic cracking step, comprising contacting at least part of the final liquefied product with a fluidized catalytic cracking catalyst at a temperature of equal to or more than 400° C., to produce one or more cracked products.