Pd/HZSM-5 catalysts prepared by ion-exchange method using Pd(NH3)(4)(2
+) were calcined and reduced at different temperatures to provide diff
erent metal dispersions. The effect of Pd dispersion on CO adsorption
characteristics and acidity were observed through FT-IR study. Methano
l and dimethyl ether were the main products in CO hydrogenation over P
d/HZSM-5 catalyst with small Pd particles on which CO was weakly adsor
bed, while the selectivity to methane increased with metal sizes.