A process for converting a biomass material comprising a) pyrolyzing a biomass material to produce a biomass-derived pyrolysis product; b) mixing at least part of the biomass-derived pyrolysis product and a petroleum-derived hydrocarbon composition, which petroleum derived hydrocarbon composition has a C7-asphaltenes content of equal to or more than 0.2 wt %, based on the total weight of the petroleum-derived hydrocarbon composition, to produce a hydrocarbon-containing mixture; c) dewatering the hydrocarbon-containing mixture to produce a dewatered hydrocarbon-containing mixture; d) contacting the dewatered hydrocarbon-containing mixture with hydrogen in one or more ebullating bed reactors comprising a catalyst at a temperature in the range from 350 to 500° C. to produce a reaction product.