A process for producing catalyst for biomass catalytic cracking is disclosed herein. The process includes modifying a phyllosilicate to produce a modified phyllosilicate having an improved yield of a pyrolysis reaction. The modification of the phyllosilicate includes leaching the clay with an acid or basic solution to form a leached clay preparation, calcining the leached clay and contacting the treated clay with a suspension comprising metal ions for ion-exchange. The modified clay catalyst can then be mixed with inorganic materials such as zeolites and dried to form fluidizable microspheres.