Precious metal catalyst has been prepared by conventional wet impregnation method followed by precipitation and reduction with hydrogen finally passivated with water in air. The magnetically recoverable catalyst has been prepared starting from a stoichiometric Fe 3 O 4 and ZrO 2 -Fe 3 O 4 as supports prepared following a sequential precipitation procedure. Precious metal catalysts supported on carbon, alumina, magnetite and zirconia-magnetite nanocomposite has been used in the reduction of nitrobenzenes and acetophenone by using sodium and potassium formate as reducing agent in the presence and in absence of an aqueous phase. In addition, the same catalysts has been tested in CO 2 and NaHCO 3 hydrogenation, for verifying their potentiality in the CO 2 as hydrogen carrier for hydrogenation processes.