CATALYST COMPOSITION, A PROCESS FOR PREPARING THE CATALYST COMPOSITION, AND A USE OF THE CATALYST COMPOSITION

Disclosed is catalyst composition, a process for preparing the catalyst composition, and a use of the catalyst composition. The catalyst composition comprises 1 wt % to 4 wt % of free azacarbene, 1 wt % to 2 wt % of azacarbene iron, 15 wt % to 30 wt % of a phase transfer catalyst, 1 wt % to 5 wt % of a hydrogen donor, 5 wt % to 10 wt % of phosphoric acid, 0.5 wt % to 1 wt % of emulsifier, with the rest being solvent. This disclosure also provides a process for preparing the catalyst composition, comprising: mixing the free azacarbene and the azacarbene iron with the solvent according to a ratio, then adding and mixing the phase transfer catalyst and the hydrogen donor, then adding and mixing the phosphoric acid and the emulsifier to obtain the catalyst composition. The beneficial effect of this disclosure is: only less azacarbene iron and free azacarbene are needed to achieve rapid and efficient viscosity reduction of heavy oil.