Ru catalysts supported on activated carbon obtained by hydrothermal treatment of rice husk were evaluated in the hydrogenation reaction of levulinic acid to γ-valerolactone. The hydrothermally treated carbon was characterized by nitrogen physisorption, elemental analysis, and thermogravimetric analysis, and the catalysts were characterized by FTIR spectroscopy, X-ray photoelectron spectroscopy, temperature-programmed reduction, and temperature-programmed desorption of pyridine (acidic properties). Prior to the reaction, the catalysts were reduced at different temperatures in the range of 100–350 °C to evaluate the effect of the reduction temperature on the performance in the hydrogenation of levulinic acid. The reaction was carried out in a batch reactor at 70 °C and 1.5 MPa. The results of conversion and selectivity to γ-valerolactone showed that the catalyst with the best performance was the sample reduced at 200 °C. After 2 h of reaction, a γ-valerolactone yield of 74% was achieved. This catalyst presented the lowest acidity value, and the ruthenium-containing phase consisted mainly of RuO₂, with a small portion of Ru⁰. The solid catalyst can be recovered and successfully reused for three runs with the GVL yield at 56%.