Co-Fe/AC catalysts were prepared and used for the production of mixed higher alcohols. The moderate amount of Fe promoted the formation of Co2C and Co-Fe alloy species. The highest activity and yield of alcohols was obtained on the 15Co0.5Fe/AC catalyst. The fraction of alcohols in liquid phase products is 75% on the 15Co3Fe/AC catalyst. The Co/Co2C and Co-Fe alloy species are responsible for the alcohols synthesis.