A ZSM-5/SiC composite catalyst was synthesized and characterized by Brunauer-Emmett-Teller analysis, X-ray diffraction, and scanning electron microscopy in this study. The composite catalyst had the characteristics of ZSM-5 and SiC, and the surface of SiC grew evenly with a layer of ZSM-5. The effect of the composite catalyst on the product distribution and chemical composition in a co-pyrolysis downdraft system was investigated. In a down system with a catalytic temperature of 450 degrees C, a feed-to-catalyst ratio of 2: 1, and a soybean-soapstock-to-straw ratio of 1:1, the proportions of alkanes, olefins, aromatics, and phenoxy compounds were 6.82%, 4.5%, 73.56% and 11.11%, respectively. The composite catalyst combined the catalytic performance of ZSM-5 and SiC, increasing the proportion of aromatics and decreasing the proportion of oxygen-containing compound in the bio-oil. Moreover, the composite catalyst maintained its activity after reusing several times.