The present invention provides a process for producing one or more ofhydrocarbon products from a renewable feedstock comprising triglycerides, free fatty acids or combinations thereof. The process may comprise the steps of mixing the renewable feedstock with a diluent to form a diluted feedstock; supplying or providing hydrogen gas to the diluted feedstock so that the hydrogen gas may dissolve in the diluted feedstock to form a diluted feedstock enriched with dissolved hydrogen; and feeding the diluted feedstock enriched with dissolved hydrogen to at least a reactor having at least a reaction zone comprising at least a catalyst bed under predefined conditions, thereby producing a reaction effluent which can be further processed (e.g. by using one or more distillation units and one or more adsorption units) to form one or more of hydrocarbon products