A zeolite catalyst of ultrastable Y-type (USY) was investigated in the research of two staged pyrolysis-catalysis of scrap tyres. Scrap tyres were pyrolysed in a fixed bed reactor and the evolved pyrolysis gases were passed through a secondary catalytic reactor. The main objective of this paper was to investigate the effect of zeolite USY on the yield of products and the composition of derived oil. The influences of several parameters such as pyrolysis temperature, catalytic temperature, catalyst/tyre ratio, heating rate, etc. on the yield of the derived oil, char and gas were investigated. It showed that the increase of catalytic temperature and catalyst/tyre ratio resulted in high yield of gas at the expense of the oil yield. For example, when the catalyst/tyre ratio increased from 0.25 to 1.0, the yield of gas increased from 30.5 to 49.9 wt.%, and the oil yield decreased nearly two-fold from 31.6 to 12.7 wt.%. The concentration of light naphtha (boiling point < 160℃) was also investigated in this study. And the high catalyst/tyre ratio favored to increase the concentration of light naphtha (<160℃) in oil. In order to study the composition of derived oil, a distilled fraction (<280℃), which was 92.5 wt.% of the oil obtained from catalytic pyrolysis of scrap tyre at a pyrolysis temperature, catalytic temperature and catalyst/tyre ratio of 500, 400℃ and 0.5, respectively, was analyzed with gas chromatography/mass spectrometry (GC/MS). The distillate was found to contain 1.23 wt.% benzene, 9.35 wt.% toluene, 3.68 wt.% ethylbenzene, 12.64 wt.% xylenes, 1.81 wt.% limonene and 13.89 wt.% PAHs, etc., where the single ring aromatics represented a significant potential use as chemicals.