A process is described for producing a powder batch comprises a plurality of particles, wherein the particles include (a) a first catalytically active component comprising at least one transition metal or a compound thereof; (b) a second component different from said first component and capable of removing oxygen from, or releasing oxygen to, an exhaust gas stream; and (c) a third component different from said first and second components and comprising a refractory support. The process comprises providing a precursor medium comprising a liquid vehicle and a precursor to al least one of said components (a) to (c) and heating droplets of said precursor medium carried in a gas stream to remove at least part of the liquid vehicle and chemically convert said precursor to said at least one component.