A series of Pd and Pt nanoparticles (NPs) was prepared starting from the corresponding metal ions and lignosulphonates; NPs were tested as catalysts for allyl alcohols hydrogenation in water at room temperature and pressure. All NPs were active with sharp differences in conversions and selectivities: Pt NPs formed mainly saturated alcohols, whereas Pd NPS were more active, but less selective, forming, in addition to saturated alcohols, also isomeric unsaturated alcohols and aldehydes, both saturated and unsaturated.