Gamma-valerolactone (GVL) has been identified as a sustainable high-value platform molecular for the production of fuels and carbon-based chemicals. In this work, a series of activated carbon supported low-cost bimetallic Ni-Fe catalysts (Ni-Fe/AC) with different molar content of Fe species were prepared by using co-precipitation method for the liquid phase hydrogenation of ethyl levulinate (EL) to produce gamma-valerolactone. The Ni-Fe0.5/AC exhibited the highest activity among the bimetallic or monometallic catalysts under mild reaction conditions (100 degrees C, 4 MPa H2, 6 h) and achieved 99.3% conversion of EL and 99.0% yield of GVL. Under more mild conditions (60 degrees C, 2 MPa H-2) and prolonging the reaction time to 24 h, EL could be converted completely and the obtained GVL yield was more than 98%. The catalysts were characterized by various techniques including XRD, TEM, HRTEM, EDX, XPS, H-2-TPR and NH3-TPD. Based on the structure and activity relationship study, the formation of highly dispersed Ni-Fe alloy structure and the co-presented FeOx nanoparticles could be responsible for the high catalytic hydrogenation activity. (C) 2017 Elsevier Ltd. All rights reserved.