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  <p style="border:none;margin:0in 0in .0001pt;padding:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
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  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">UNITED
  STATES<br>
  SECURITIES AND EXCHANGE COMMISSION</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Washington, D.C. 20549</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">FORM&nbsp;8-K</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">CURRENT REPORT</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">Pursuant to Section&nbsp;13 or 15(d)&nbsp;of the Securities Exchange
  Act of 1934</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Date of Report (Date of earliest event reported):&#160; May&nbsp;12, 2008</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">BLACKHAWK
  BIOFUELS, LLC</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Exact name of
  registrant as specified in its charter)</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <div align="center">
  
  <table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
   <tr>
    <td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Delaware</font></b></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
    <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
    </td>
    <td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">333-136353</font></b></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
    <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
    </td>
    <td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">20-2760722</font></b></p>
    </td>
   </tr>
   <tr>
    <td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(State or other
    jurisdiction of<br>
    incorporation or organization)</font></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Commission File Number)</font></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(I.R.S. Employer
    Identification No.)</font></p>
    </td>
   </tr>
   <tr>
    <td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
   </tr>
   <tr>
    <td width="66%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:66.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">22
    South Chicago Avenue, Freeport, Illinois</font></b></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="32%" valign="bottom" style="padding:0in 0in 0in 0in;width:32.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">61032</font></b></p>
    </td>
   </tr>
   <tr>
    <td width="66%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:66.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Address of
    principal executive offices)</font></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
    <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
    </td>
    <td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Zip Code)</font></p>
    </td>
   </tr>
  </table>
  
  </div>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Registrant&#146;s
  telephone number, including area code: <b>(815) 235-2461</b></font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Former name or
  former address, if changed since last report.)</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Check the appropriate box
  below if the Form&nbsp;8-K filing is intended to simultaneously satisfy the
  filing obligation of the registrant under any of the following provisions:</font></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font>
  Written communications pursuant to Rule&nbsp;425 under the Securities Act (17
  CFR 230.425)</p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font>&#160; Soliciting material pursuant to Rule&nbsp;14a-12
  under the Exchange Act (17 CFR 240.14a-12)</p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font>&#160; Pre-commencement communications pursuant to
  Rule&nbsp;14d-2(b)&nbsp;under the Exchange Act (17 CFR 240.14d-2(b))</p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font>&#160; Pre-commencement communications pursuant to
  Rule&nbsp;13e-4(c)&nbsp;under the Exchange Act (17 CFR 240.13e-4(c))</p>
  
  <div style="border:none;border-bottom:double windowtext 6.0pt;padding:0in 0in 0in 0in;">
  
  <p align="center" style="border:none;margin:0in 0in .0001pt;padding:0in;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  </div>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
  
  </div>
  <!-- SEQ.=1,FOLIO='',FILE='C:\JMS\brosent\08-14561-1\task2943672\14561-1-ba.htm',USER='brosent',CD='May 15 13:38 2008' -->
  
  
  <br clear="all" style="page-break-before:always;">
  
  
  <div>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <h2 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:auto;text-transform:uppercase;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;text-transform:none;">Item
  1.01&#160; Entry into a Material Definitive
  Agreement.</font></b></h2>
  
  <h2 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:auto;text-transform:uppercase;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></h2>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The information included in Item 2.01 of this report
  is incorporated by reference into this Item 1.01.</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 2.01&#160; Completion of Acquisition or Disposition of
  Assets.</font></b></p>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <h1 align="left" style="font-weight:normal;margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:left;text-indent:-.2in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Closing of Asset Purchase Agreement with Biofuels
  Company of America, LLC</font></b></h1>
  
  <h1 align="left" style="font-weight:normal;margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:left;text-indent:-.2in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h1>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On May&nbsp;12, 2008 Blackhawk Biofuels, LLC (the &#147;Company&#148;)
  closed on its previously announced acquisition of the under-construction assets
  of a biodiesel facility in Danville, Illinois (the &#147;Danville Facility&#148;).&#160; The acquisition was made pursuant to an Asset
  Purchase Agreement (the &#147;Purchase Agreement&#148;) with Biofuels Company of America,
  LLC (&#147;BCA&#148;).&#160; Other parties to the
  Agreement are Renewable Energy Group,&nbsp;Inc. (&#147;REG&#148;), which also provided
  financing for the transaction, and Biodiesel Investment Group, LLC and Bunge
  North America,&nbsp;Inc. (&#147;Bunge&#148;), which are the owners of BCA.</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pursuant to the Purchase Agreement, the Company
  acquired specified assets of BCA and assumed certain liabilities of BCA.&#160; The principal financial consideration payable
  to BCA was in the form of $5,250,000 in cash and 1,980,488 shares of common
  stock of REG.&#160; Of that consideration,
  $250,000 and 97,561 shares of common stock of REG were placed in escrow to
  satisfy indemnification obligations which BCA may have to the Company under the
  Purchase Agreement.</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Purchase Agreement was filed with the Company&#146;s
  Current Report on Form&nbsp;8-K filed March&nbsp;17, 2008 and is incorporated
  herein by reference.&#160; The foregoing
  description of the Agreement is qualified in its entirety by reference to the
  full text of the Agreement.</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Most of the agreements entered into in connection with
  the closing of the transaction to acquire the Danville Facility assets were
  dated May&nbsp;9, 2008 but were not effective until financial closing on May&nbsp;12,
  2008.</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:.3in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Loan Agreement with Fifth Third Bank</font></b></p>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In connection with the acquisition of the biodiesel
  assets under the Purchase Agreement, the Company entered into a Loan Agreement
  with Fifth Third Bank (&#147;Fifth Third&#148;) dated May&nbsp;9, 2008 to replace
  $24,650,000 in construction/term debt financing previously provided to the
  project by Fifth Third.&#160; In addition, Fifth
  Third agreed to provide an additional $5,000,000 revolving line of credit.&#160; The construction/term loan will bear interest
  at a fluctuating rate based on LIBOR and will mature on November&nbsp;3,
  2011.&#160; Revolving credit loans will be
  available based on the Company&#146;s eligible accounts receivable and inventories
  and will be available until May&nbsp;8, 2009. Interest on revolving credit
  loans will fluctuate based on LIBOR or Fifth Third&#146;s prime rate.&#160; The obligations of the Company will be
  secured by substantially all of the assets of the Company.</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:.3in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Subordinated Loan Agreement with REG</font></b></p>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Company also entered into a Subordinated Loan Agreement
  dated May&nbsp;9, 2008 with REG Ventures, LLC, an affiliate of REG, and issued
  to REG Ventures a convertible promissory note in the amount of
  $21,700,000.&#160; This note was principally
  in payment for the 1,980,488 shares of common stock of REG delivered to BCA
  under the terms of the Purchase Agreement.&#160;
  It also reimbursed REG for 127,273 shares of preferred stock of REG
  issued to Bunge in connection with an oil feedstock supply agreement entered
  into between the Company and Bunge described below.&#160; Interest is based on&#160; LIBOR plus 5%.&#160; The Company may, if it wishes, pay interest
  due in Class&nbsp;A Units of the Company at a rate of $2.00 per Unit.&#160; The obligations of the Company to REG are
  secured on a subordinated basis by substantially all of the assets of the Company.</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:.3in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Ground Lease from Bunge Milling,&nbsp;Inc.</font></b></p>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By a First Amendment, Assignment and Assumption and
  Consent to Assignment of Ground Lease and Conveyance of Leasehold Improvements
  dated May&nbsp;9, 2008, the Company assumed from BCA a ground lease dated </font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2</font></p>
  
  <div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
  
  </div>
  <!-- SEQ.=1,FOLIO='2',FILE='C:\JMS\brosent\08-14561-1\task2943672\14561-1-ba.htm',USER='brosent',CD='May 15 13:38 2008' -->
  
  
  <br clear="all" style="page-break-before:always;">
  
  
  <div>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">November&nbsp;3, 2006 (as
  amended, the &#147;Ground Lease&#148;) from Bunge Milling,&nbsp;Inc. for the site on
  which the Danville Facility is located.&#160;
  The Ground Lease covers approximately 6 acres of land adjacent to a
  soybean crushing plant operated by Bunge.&#160;
  The term of the Ground Lease will expire on November&nbsp;3, 2036,
  subject to the right of the Company to extend the term for four additional five
  year periods.&#160; The rent under the Ground
  Lease will be $1.00 per year during the term of the oil feedstock supply
  agreement between the Company and Bunge described below (May&nbsp;9, 2014 or,
  if extended, May&nbsp;9, 2016).&#160;
  Thereafter, base rent will commence under the Ground Lease at $72,000
  per year subject to a consumer price index escalator in future years.</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:.3in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Design-Build Agreement with REG Construction</font></b></p>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Further construction on the Danville Facility will be
  performed by or under the supervision of REG Construction&nbsp;&amp; Technology
  Group, LLC, an affiliate of REG, under a Design-Build Agreement dated May&nbsp;9,
  2008 (the &#147;Design-Build Agreement&#148;).&#160; A
  major part of the construction will be the establishment of a preliminary
  treatment facility to process animal fats for use as feedstock in the primary
  biodiesel production segment of the Danville Facility.&#160; The estimated contract price to complete the
  work required under the Design-Build Agreement is $10,844,327 subject to increase
  in certain circumstances up to a maximum of $11,747,633.</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:.3in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Oil Feedstock Supply Agreement with Bunge</font></b></p>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Company has entered into an Oil Feedstock Supply
  Agreement with Bunge dated May&nbsp;9, 2008 which provides that the Company
  will acquire its soybean oil from Bunge and assures the Company that Bunge will
  make available at least 30% of the Company&#146;s maximum operating requirements for
  soybean oil.&#160; If the Company does not use
  soybean oil to produce biodiesel, the Company will pay standby fees to Bunge
  for making oil available to the Company.&#160;
  &#160;The purchase price for soybean
  oil under the agreement will fluctuate based on market prices.</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:.3in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Services Agreement with Bunge</font></b></p>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Company has also entered into a Services Agreement
  with Bunge dated May&nbsp;9, 2008 which provides that Bunge will assist the
  Company principally with respect to rail loadout at Bunge&#146;s rail staging area
  and will assure the Company of easements for access and natural gas, oil and
  biodiesel pipelines.&#160; Fees will vary
  based on the services performed.&#160; The
  Services Agreement will expire on May&nbsp;9, 2014, subject to extension for
  additional two year periods unless one of the parties elects to terminate the
  agreement.</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:.3in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Management and Operating Services Agreement with
  Renewable Energy Group,&nbsp;Inc.</font></b></p>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">To provide for management of the Danville Facility,
  the Company entered into a new Management and Operational Services Agreement
  (the &#147;REG Services Agreement&#148;) dated May&nbsp;9, 2008 with two REG affiliates, REG
  Services Group, LLC (&#147;REG Services&#148;) and REG Marketing&nbsp;&amp; Logistics
  Group, LLC (&#147;REG Marketing&#148;).&#160;&#160; Under the
  REG Services Agreement, REG Services and REG Marketing will have responsibility
  for the overall management of the Danville Facility, placement of a general
  manager and an operations manager at the facility, procurement of feedstocks
  necessary for the operation of the facility, marketing of the production of
  biodiesel and glycerin when the plant commences production and performance of
  administrative, sales and marketing functions for the Company.&#160; In addition, it provides for the extension of
  trade credit by REG Services and REG Marketing to the Company in connection
  with the purchase of raw materials and sale of biodiesel by the Company or on
  the Company&#146;s behalf.&#160; The trade credit
  will be secured by the Company&#146;s inventories and receivables.&#160; The REG Services Agreement also provides that
  REG Services will be entitled to appoint one member to the board of managers of
  the Company.</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 2.03&#160; Creation of a Direct Financial Obligation or
  an Obligation under an Off-Balance Sheet Arrangement of a Registrant.</font></b></p>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The information included in Item 2.01 of this report
  is incorporated by reference into this Item 2.03.</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3</font></p>
  
  <div align="center" style="margin:0in 0in .0001pt;text-align:center;"><hr size="3" width="100%" noshade color="#010101" align="center"></div>
  
  </div>
  <!-- SEQ.=1,FOLIO='3',FILE='C:\JMS\brosent\08-14561-1\task2943672\14561-1-ba.htm',USER='brosent',CD='May 15 13:38 2008' -->
  
  
  <br clear="all" style="page-break-before:always;">
  
  
  <div style="font-family:Times New Roman;">
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <h2 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:auto;text-transform:uppercase;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;text-transform:none;">Item
  8.01&#160; Other Events.</font></b></h2>
  
  <h2 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:auto;text-transform:uppercase;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></h2>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On May&nbsp;15, 2008 the Company issued a press
  release with regard to the acquisition of its biodiesel facility assets in
  Danville, Illinois and related financing.&#160;
  A copy of the Company&#146;s press release is furnished herewith as Exhibit&nbsp;99.1.</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <h2 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:auto;text-transform:uppercase;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;text-transform:none;">Item
  9.01&#160; Financial Statements and Exhibits.</font></b></h2>
  
  <h2 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:auto;text-transform:uppercase;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></h2>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:.3in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">(d)&nbsp; Exhibits.</font></b></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <table border="0" cellspacing="0" cellpadding="0" width="80%" style="border-collapse:collapse;margin-left:.6in;width:80.0%;">
   <tr>
    <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.94%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">99.1</font></p>
    </td>
    <td width="0%" valign="bottom" style="padding:0in 0in 0in 0in;width:.52%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.54%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Press release dated
    May&nbsp;15, 2008</font></p>
    </td>
   </tr>
  </table>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="font-weight:bold;letter-spacing:-.1pt;margin:0in 0in .0001pt;text-align:center;text-transform:uppercase;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;letter-spacing:0pt;text-transform:none;">SIGNATURES</font></b></p>
  
  <p style="font-weight:bold;letter-spacing:-.1pt;margin:0in 0in .0001pt;text-align:center;text-transform:uppercase;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;letter-spacing:0pt;">&nbsp;</font></b></p>
  
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In accordance with the
  requirements of the Securities Exchange Act of 1934, the registrant has duly
  caused this report to be signed on its behalf by the undersigned hereunto duly
  authorized.</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
   <tr>
    <td width="26%" valign="top" style="padding:0in 0in 0in 0in;width:26.68%;">
    <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="23%" valign="bottom" style="padding:0in 0in 0in 0in;width:23.32%;">
    <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;text-indent:0in;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
    </td>
    <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
    <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;text-indent:0in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">BLACKHAWK BIOFUELS, LLC</font></b></p>
    </td>
   </tr>
   <tr>
    <td width="26%" valign="top" style="padding:0in 0in 0in 0in;width:26.68%;">
    <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="23%" valign="bottom" style="padding:0in 0in 0in 0in;width:23.32%;">
    <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;text-indent:0in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
    </td>
    <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
    <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;text-indent:0in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
    </td>
   </tr>
   <tr>
    <td width="26%" valign="top" style="padding:0in 0in 0in 0in;width:26.68%;">
    <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="23%" valign="bottom" style="padding:0in 0in 0in 0in;width:23.32%;">
    <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;text-indent:0in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
    </td>
    <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
    <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;text-indent:0in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
    </td>
   </tr>
   <tr>
    <td width="26%" valign="top" style="padding:0in 0in 0in 0in;width:26.68%;">
    <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date: May&nbsp;15, 2008</font></p>
    </td>
    <td width="23%" valign="bottom" style="padding:0in 0in 0in 0in;width:23.32%;">
    <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="50%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:50.0%;">
    <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ RONALD L.
    MAPES</font></p>
    </td>
   </tr>
   <tr>
    <td width="26%" valign="top" style="padding:0in 0in 0in 0in;width:26.68%;">
    <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="23%" valign="bottom" style="padding:0in 0in 0in 0in;width:23.32%;">
    <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="50%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:50.0%;">
    <p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Ronald L. Mapes<br>
    </font>Chair (Principal Executive
    Officer)</p>
    </td>
   </tr>
  </table>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4</font></p>
  
  <div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
  
  </div>
  <!-- SEQ.=1,FOLIO='4',FILE='C:\JMS\brosent\08-14561-1\task2943672\14561-1-ba.htm',USER='brosent',CD='May 15 13:38 2008' -->
  
  
  </body>
  
  </html>
metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "a08-14561_18k.htm", "description": "8-K", "secsgml_size_bytes": 38634}]
metadata_filer: {"company-data": {"conformed-name": "Blackhawk Biofuels, LLC", "cik": "0001370552", "assigned-sic": "2860", "irs-number": "202760722", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-136353", "film-number": "08837512"}, "business-address": {"street1": "22 SOUTH CHICAGO AVENUE", "city": "FREEPORT", "state": "IL", "zip": "61032", "phone": "(815) 235-2461"}, "mail-address": {"street1": "22 SOUTH CHICAGO AVENUE", "city": "FREEPORT", "state": "IL", "zip": "61032"}}
text: UNITED
  STATES
  SECURITIES AND EXCHANGE COMMISSION
  Washington, D.C. 20549
  FORM 8-K
  CURRENT REPORT
  Pursuant to Section 13 or 15(d) of the Securities Exchange
  Act of 1934
  Date of Report (Date of earliest event reported):  May 12, 2008
  BLACKHAWK
  BIOFUELS, LLC
  (Exact name of
  registrant as specified in its charter)
  Delaware
  333-136353
  20-2760722
  (State or other
    jurisdiction of
  incorporation or organization)
  (Commission File Number)
  (I.R.S. Employer
    Identification No.)
  22
    South Chicago Avenue, Freeport, Illinois
  61032
  (Address of
    principal executive offices)
  (Zip Code)
  Registrant's
  telephone number, including area code:
  (815) 235-2461
  (Former name or
  former address, if changed since last report.)
  Check the appropriate box
  below if the Form 8-K filing is intended to simultaneously satisfy the
  filing obligation of the registrant under any of the following provisions:
  o
  Written communications pursuant to Rule 425 under the Securities Act (17
  CFR 230.425)
  o
  Soliciting material pursuant to Rule 14a-12
  under the Exchange Act (17 CFR 240.14a-12)
  o
  Pre-commencement communications pursuant to
  Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  o
  Pre-commencement communications pursuant to
  Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
  Item
  1.01  Entry into a Material Definitive
  Agreement.
  The information included in Item 2.01 of this report
  is incorporated by reference into this Item 1.01.
  Item 2.01  Completion of Acquisition or Disposition of
  Assets.
  Closing of Asset Purchase Agreement with Biofuels
  Company of America, LLC
  On May 12, 2008 Blackhawk Biofuels, LLC (the "Company")
  closed on its previously announced acquisition of the under-construction assets
  of a biodiesel facility in Danville, Illinois (the "Danville Facility").  The acquisition was made pursuant to an Asset
  Purchase Agreement (the "Purchase Agreement") with Biofuels Company of America,
  LLC ("BCA").  Other parties to the
  Agreement are Renewable Energy Group, Inc. ("REG"), which also provided
  financing for the transaction, and Biodiesel Investment Group, LLC and Bunge
  North America, Inc. ("Bunge"), which are the owners of BCA.
  Pursuant to the Purchase Agreement, the Company
  acquired specified assets of BCA and assumed certain liabilities of BCA.  The principal financial consideration payable
  to BCA was in the form of $5,250,000 in cash and 1,980,488 shares of common
  stock of REG.  Of that consideration,
  $250,000 and 97,561 shares of common stock of REG were placed in escrow to
  satisfy indemnification obligations which BCA may have to the Company under the
  Purchase Agreement.
  The Purchase Agreement was filed with the Company's
  Current Report on Form 8-K filed March 17, 2008 and is incorporated
  herein by reference.  The foregoing
  description of the Agreement is qualified in its entirety by reference to the
  full text of the Agreement.
  Most of the agreements entered into in connection with
  the closing of the transaction to acquire the Danville Facility assets were
  dated May 9, 2008 but were not effective until financial closing on May 12,
  2008.
  Loan Agreement with Fifth Third Bank
  In connection with the acquisition of the biodiesel
  assets under the Purchase Agreement, the Company entered into a Loan Agreement
  with Fifth Third Bank ("Fifth Third") dated May 9, 2008 to replace
  $24,650,000 in construction/term debt financing previously provided to the
  project by Fifth Third.  In addition, Fifth
  Third agreed to provide an additional $5,000,000 revolving line of credit.  The construction/term loan will bear interest
  at a fluctuating rate based on LIBOR and will mature on November 3,
  2011.  Revolving credit loans will be
  available based on the Company's eligible accounts receivable and inventories
  and will be available until May 8, 2009. Interest on revolving credit
  loans will fluctuate based on LIBOR or Fifth Third's prime rate.  The obligations of the Company will be
  secured by substantially all of the assets of the Company.
  Subordinated Loan Agreement with REG
  The Company also entered into a Subordinated Loan Agreement
  dated May 9, 2008 with REG Ventures, LLC, an affiliate of REG, and issued
  to REG Ventures a convertible promissory note in the amount of
  $21,700,000.  This note was principally
  in payment for the 1,980,488 shares of common stock of REG delivered to BCA
  under the terms of the Purchase Agreement. 
  It also reimbursed REG for 127,273 shares of preferred stock of REG
  issued to Bunge in connection with an oil feedstock supply agreement entered
  into between the Company and Bunge described below.  Interest is based on  LIBOR plus 5%.  The Company may, if it wishes, pay interest
  due in Class A Units of the Company at a rate of $2.00 per Unit.  The obligations of the Company to REG are
  secured on a subordinated basis by substantially all of the assets of the Company.
  Ground Lease from Bunge Milling, Inc.
  By a First Amendment, Assignment and Assumption and
  Consent to Assignment of Ground Lease and Conveyance of Leasehold Improvements
  dated May 9, 2008, the Company assumed from BCA a ground lease dated
  2
  November 3, 2006 (as
  amended, the "Ground Lease") from Bunge Milling, Inc. for the site on
  which the Danville Facility is located. 
  The Ground Lease covers approximately 6 acres of land adjacent to a
  soybean crushing plant operated by Bunge. 
  The term of the Ground Lease will expire on November 3, 2036,
  subject to the right of the Company to extend the term for four additional five
  year periods.  The rent under the Ground
  Lease will be $1.00 per year during the term of the oil feedstock supply
  agreement between the Company and Bunge described below (May 9, 2014 or,
  if extended, May 9, 2016). 
  Thereafter, base rent will commence under the Ground Lease at $72,000
  per year subject to a consumer price index escalator in future years.
  Design-Build Agreement with REG Construction
  Further construction on the Danville Facility will be
  performed by or under the supervision of REG Construction & Technology
  Group, LLC, an affiliate of REG, under a Design-Build Agreement dated May 9,
  2008 (the "Design-Build Agreement").  A
  major part of the construction will be the establishment of a preliminary
  treatment facility to process animal fats for use as feedstock in the primary
  biodiesel production segment of the Danville Facility.  The estimated contract price to complete the
  work required under the Design-Build Agreement is $10,844,327 subject to increase
  in certain circumstances up to a maximum of $11,747,633.
  Oil Feedstock Supply Agreement with Bunge
  The Company has entered into an Oil Feedstock Supply
  Agreement with Bunge dated May 9, 2008 which provides that the Company
  will acquire its soybean oil from Bunge and assures the Company that Bunge will
  make available at least 30% of the Company's maximum operating requirements for
  soybean oil.  If the Company does not use
  soybean oil to produce biodiesel, the Company will pay standby fees to Bunge
  for making oil available to the Company. 
   The purchase price for soybean
  oil under the agreement will fluctuate based on market prices.
  Services Agreement with Bunge
  The Company has also entered into a Services Agreement
  with Bunge dated May 9, 2008 which provides that Bunge will assist the
  Company principally with respect to rail loadout at Bunge's rail staging area
  and will assure the Company of easements for access and natural gas, oil and
  biodiesel pipelines.  Fees will vary
  based on the services performed.  The
  Services Agreement will expire on May 9, 2014, subject to extension for
  additional two year periods unless one of the parties elects to terminate the
  agreement.
  Management and Operating Services Agreement with
  Renewable Energy Group, Inc.
  To provide for management of the Danville Facility,
  the Company entered into a new Management and Operational Services Agreement
  (the "REG Services Agreement") dated May 9, 2008 with two REG affiliates, REG
  Services Group, LLC ("REG Services") and REG Marketing & Logistics
  Group, LLC ("REG Marketing").   Under the
  REG Services Agreement, REG Services and REG Marketing will have responsibility
  for the overall management of the Danville Facility, placement of a general
  manager and an operations manager at the facility, procurement of feedstocks
  necessary for the operation of the facility, marketing of the production of
  biodiesel and glycerin when the plant commences production and performance of
  administrative, sales and marketing functions for the Company.  In addition, it provides for the extension of
  trade credit by REG Services and REG Marketing to the Company in connection
  with the purchase of raw materials and sale of biodiesel by the Company or on
  the Company's behalf.  The trade credit
  will be secured by the Company's inventories and receivables.  The REG Services Agreement also provides that
  REG Services will be entitled to appoint one member to the board of managers of
  the Company.
  Item 2.03  Creation of a Direct Financial Obligation or
  an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
  The information included in Item 2.01 of this report
  is incorporated by reference into this Item 2.03.
  3
  Item
  8.01  Other Events.
  On May 15, 2008 the Company issued a press
  release with regard to the acquisition of its biodiesel facility assets in
  Danville, Illinois and related financing. 
  A copy of the Company's press release is furnished herewith as Exhibit 99.1.
  Item
  9.01  Financial Statements and Exhibits.
  (d)  Exhibits.
  99.1
  Press release dated
    May 15, 2008
  SIGNATURES
  In accordance with the
  requirements of the Securities Exchange Act of 1934, the registrant has duly
  caused this report to be signed on its behalf by the undersigned hereunto duly
  authorized.
  BLACKHAWK BIOFUELS, LLC
  Date: May 15, 2008
  /s/ RONALD L.
    MAPES
  Ronald L. Mapes
  Chair (Principal Executive
    Officer)
  4