Catalyst for converting synthesis gas to light olefins

A catalyst and process for making same useful in the catalytic hydrogenation of carbon monoxide in which a silicalite support substantially free of aluminum is soaked in an aqueous solution of iron and potassium salts wherein the iron and potassium are present in concentrations such that the dried silicalite has iron present in the range of from about 5 to about 25 percent by weight and has potassium present in an amount not less than about 0.2 percent by weight, and thereafter the silicalite is dried and combined with amorphous silica as a binder for pellets, the catalytic pellets are used to convert synthesis gas to C2-C4 olefins.