A preferred embodiment of the process involves a generate a catalyst that comprises molybdenum carbide nickel material. Steps may involve heating a surface that comprises molybdenum oxide and a nickel salt while passing thereover a gaseous mixture that comprises a reductant and a carburizer. In certain embodiments, the reductant and the carburizer may both be carbon monoxide, or both be a saturated hydrocarbon. In others, the reductant may be carbon monoxide and the carburizer may be a saturated hydrocarbon.