The catalytic transfer hydrogenolysis of 2-phenyl-2-propanol was studied over Pd/C catalyst, using formic acid and formate salts as hydrogen donors. The Pd/C catalyst was characterized by powder X-ray diffraction (XRD), inductively coupled plasma (ICP), N2 adsorption/desorption and transmission electron microscopy (TEM). The effects of hydrogen donor, molar ratio of formic acid to 2-phenyl-2-propanol and water content were evaluated. Under mild reaction conditions (80 °C, 2h), 2-phenyl-2-propanol can be hydrogenolyzed to isopropylbenzene with very high selectivity (96.5%) and high conversion (92.8%) in the presence of Pd/C and formic acid. From the viewpoint of environmental friendly principles, this study may open the way to a new approach for the production of propylene oxide.