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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549
 FORM 10-QSB
 þ
    
    Quarterly report under Section 13 or 15(d) of the Securities Exchange Act of 1934.
 For the quarter ended June 30, 2007
 OR
 o
    
    Transition report under Section 13 or 15(d) of the Exchange Act.
 For the transition period from  to
 Commission file number 000-52617
 WESTERN DUBUQUE BIODIESEL, LLC
  Iowa
    
    20-3857933(State or other jurisdiction of
    
    (I.R.S. Employer Identification No.)incorporation or organization)
 904 Jamesmeier Rd.
P.O. Box 82
Farley, IA 52046
 (563) 744-3554
 þ o
 o þ
   o þ




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INDEX
 Page No.PART I. FINANCIAL INFORMATION
    
    
    3Item 1. Financial Statements
    
    
    3Item 2. Managements Discussion and Analysis or Plan of Operations
    
    
    14Item 3. Controls and Procedures
    
    
    24PART II. OTHER INFORMATION
    
    
    25Item 1. Legal Proceedings
    
    
    25Item 1A. Risk Factors
    
    
    25Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
    
    
    25Item 3. Defaults Upon Senior Securities
    
    
    26Item 4. Submission of Matters to Security Holders
    
    
    26Item 5. Other Information
    
    
    26Item 6. Exhibits
    
    
    26SIGNATURES
    
    
    27Exhibit 31.1Exhibit 31.2Exhibit 32.1Exhibit 32.2Exhibit 99.1




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PART I. FINANCIAL INFORMATION
 
 Item 1. Financial Statements
 WESTERN DUBUQUE BIODIESEL, LLC
(A DEVELOPMENT STAGE COMPANY) 
BALANCE SHEET
June 30, 2007
 ASSETSCURRENT ASSETSCash and cash equivalents
    
    $
    1,217,501Margin deposits
    
    
    728,680Other receivables
    
    
    14,057Inventory
    
    
    4,035Prepaid expenses
    
    
    18,187Total current assets
    
    
    1,982,460PROPERTY, PLANT AND EQUIPMENTLand
    
    
    597,875Office equipment
    
    
    66,012Office building
    
    
    323,476Construction in progress
    
    
    39,491,596Total, at cost
    
    
    40,478,959Less accumulated depreciation
    
    
    7,743Total property, plant and equipment
    
    
    40,471,216OTHER ASSETSLoan origination fees, net of amortization
    
    
    523,375TOTAL ASSETS
    
    $
    42,977,051LIABILITIES AND MEMBERS EQUITYCURRENT LIABILITIESAccounts payable:Trade
    
    $
    91,055Construction  related party, including retainage of $1,893,916
    
    
    2,596,566Derivative instruments
    
    
    552,849Current portion of long-term debt
    
    
    493,982Accrued interest
    
    
    121,834Total current liabilities
    
    
    3,856,286LONG-TERM LIABILITIESLong-term debt, less current portion above
    
    
    16,595,164Total liabilities
    
    
    20,451,450MEMBERS EQUITYMember contributions, net of costs related to capital contributions,
27,279 units outstanding at June 30, 2007
    
    
    26,230,096Less subscriptions receivable
    
    
    (2,500,000
    )Deficit accumulated during the development stage
    
    
    (1,204,495
    )Total members equity
    
    
    22,525,601TOTAL LIABILITIES AND MEMBERS EQUITY
    
    $
    42,977,051
   3




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WESTERN DUBUQUE BIODIESEL, LLC
(A DEVELOPMENT STAGE COMPANY)
STATEMENTS OF OPERATIONS
 Three MonthsEnded
    
    
    Six MonthsEnded
    
    
    Three MonthsEnded
    
    
    Six MonthsEnded
    
    
    FromNovember 14, 2005(Date of Inception)June 30, 2007
    
    
    June 30, 2007
    
    
    June 30, 2006
    
    
    June 30, 2006
    
    
    to June 30, 2007REVENUES
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    $
    OPERATING EXPENSESConsulting and professional fees
    
    
    84,699
    
    
    
    138,950
    
    
    
    170,729
    
    
    
    446,189
    
    
    
    722,397Office and administrative expenses
    
    
    231,803
    
    
    
    245,267
    
    
    
    6,353
    
    
    
    17,593
    
    
    
    283,513Equity based compensation
    
    
    
    
    
    
    
    
    
    
    211,000
    
    
    
    232,000
    
    
    
    658,372Total operating expenses
    
    
    316,502
    
    
    
    384,217
    
    
    
    388,082
    
    
    
    695,782
    
    
    
    1,664,282OTHER INCOME (EXPENSE)Interest income
    
    
    1,031
    
    
    
    1,905
    
    
    
    3,401
    
    
    
    10,953
    
    
    
    357,956Net gains on derivative instruments
    
    
    75,831
    
    
    
    75,831
    
    
    
    
    
    
    
    
    
    
    
    75,831Other income
    
    
    1,000
    
    
    
    1,000
    
    
    
    25,000
    
    
    
    25,000
    
    
    
    26,000Total other income
    
    
    77,862
    
    
    
    78,736
    
    
    
    28,401
    
    
    
    35,953
    
    
    
    459,787NET LOSS
    
    $
    (238,640
    )
    
    $
    (305,481
    )
    
    $
    (359,681
    )
    
    $
    (659,829
    )
    
    $
    (1,204,495
    )BASIC AND DILUTED LOSS PER UNIT
    
    $
    (8.75
    )
    
    $
    (11.24
    )
    
    $
    (29.98
    )
    
    $
    (97.46
    )WEIGHTED AVERAGE UNITS OUTSTANDING,
BASIC AND DILUTED
    
    
    27,279
    
    
    
    27,171
    
    
    
    11,996
    
    
    
    6,770
   4




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WESTERN DUBUQUE BIODIESEL, LLC
(A DEVELOPMENT STAGE COMPANY)
STATEMENTS OF CHANGES IN MEMBERS EQUITY
 DeficitAccumulatedDuring theSubscriptions
    
    
    
    
    
    
    DevelopmentUnits
    
    
    Receivable
    
    
    Capital
    
    
    Stage
    
    
    TotalBALANCE, NOVEMBER 14, 2005 (Date of
Inception)
    
    
    
    
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    $
    Initial units issued (seed capital), 300
membership
units at $500 per unit
    
    
    300
    
    
    
    
    
    
    
    150,000
    
    
    
    
    
    
    
    150,000Units issued in exchange for services - 500
membership
units at $500 per unit
    
    
    500
    
    
    
    
    
    
    
    250,000
    
    
    
    
    
    
    
    250,000Net loss for the period ended December 31,
2005
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (10,034
    )
    
    
    (10,034
    )BALANCE, DECEMBER 31, 2005
    
    
    800
    
    
    
    
    
    
    
    400,000
    
    
    
    (10,034
    )
    
    
    389,966Initial units issued (seed capital), 5,900
membership
units at $500 per unit
    
    
    5,900
    
    
    
    
    
    
    
    2,950,000
    
    
    
    
    
    
    
    2,950,000Capital contributions from public offering,
19,279
units at $1,000 per unit
    
    
    19,279
    
    
    
    
    
    
    
    19,279,000
    
    
    
    
    
    
    
    19,279,000Cost of raising capital
    
    
    
    
    
    
    
    
    
    
    (207,276
    )
    
    
    
    
    
    
    (207,276
    )Equity based compensation
    
    
    
    
    
    
    
    
    
    
    658,372
    
    
    
    
    
    
    
    658,372Units subscribed - 2,500 units at $1,000 per
units, December, 2006
    
    
    2,500
    
    
    
    
    
    
    
    2,500,000
    
    
    
    
    
    
    
    2,500,000Less units subscribed receivable, December,
2006
    
    
    (2,500
    )
    
    
    (2,500,000
    )
    
    
    
    
    
    
    
    
    
    
    (2,500,000
    )Net loss for the year ended December 31, 2006
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (888,980
    )
    
    
    (888,980
    )BALANCE, DECEMBER 31, 2006
    
    
    25,979
    
    
    
    (2,500,000
    )
    
    
    25,580,096
    
    
    
    (899,014
    )
    
    
    22,181,082Units issued, January 2007
    
    
    1,300
    
    
    
    
    
    
    
    650,000
    
    
    
    
    
    
    
    650,000Net loss for the period ended June 30, 2007
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (305,481
    )
    
    
    (305,481
    )BALANCE, JUNE 30, 2007
    
    
    27,279
    
    
    $
    (2,500,000
    )
    
    $
    26,230,096
    
    
    $
    (1,204,495
    )
    
    $
    22,525,601
   5




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WESTERN DUBUQUE BIODIESEL, LLC
(A DEVELOPMENT STAGE COMPANY)
STATEMENTS OF CASH FLOWS
 FromNovember 14, 2005Six Months Ended
    
    
    Six Months Ended
    
    
    (Date of Inception)June 30, 2007
    
    
    June 30, 2006
    
    
    to June 30, 2007CASH FLOWS FROM OPERATING ACTIVITIESNet loss
    
    $
    (305,481
    )
    
    $
    (659,829
    )
    
    $
    (1,204,495
    )Adjustments to reconcile net loss to net cash
provided by (used in) operating activitiesDepreciation
    
    
    7,224
    
    
    
    
    
    
    
    7,743Non cash consulting services
    
    
    
    
    
    
    233,000
    
    
    
    250,000Equity based compensation
    
    
    
    
    
    
    232,000
    
    
    
    658,372Effects of changes in operating assets and liabilitiesMargin deposits
    
    
    (728,680
    )
    
    
    
    
    
    
    (728,680
    )Other receivables
    
    
    (14,057
    )
    
    
    
    
    
    
    (14,057
    )Inventory
    
    
    (4,035
    )
    
    
    
    
    
    
    (4,035
    )Prepaid expenses
    
    
    (18,187
    )
    
    
    
    
    
    
    (18,187
    )Prepaid legal costs
    
    
    
    
    
    
    25,000
    
    
    
    Derivative instruments
    
    
    552,849
    
    
    
    
    
    
    
    552,849Accounts payable
    
    
    62,086
    
    
    
    6,122
    
    
    
    91,055Net cash provided by (used in) operating activities
    
    
    (448,281
    )
    
    
    (163,707
    )
    
    
    (409,435
    )CASH FLOWS FROM INVESTING ACTIVITIESPurchase of land and land options
    
    
    
    
    
    
    (14,985
    )
    
    
    (622,875
    )Proceeds from the sale of property
    
    
    25,000
    
    
    
    
    
    
    
    25,000Payments for office equipment, office building and construction in progress
    
    
    (15,782,680
    )
    
    
    (2,504,146
    )
    
    
    (37,123,034
    )Net cash used in investing activities
    
    
    (15,757,680
    )
    
    
    (2,519,131
    )
    
    
    (37,720,909
    )CASH FLOWS FROM FINANCING ACTIVITIESLoan origination fees
    
    
    
    
    
    
    (50,000
    )
    
    
    (563,025
    )Cost of raising capital
    
    
    
    
    
    
    (80,600
    )
    
    
    (207,276
    )Proceeds from long-term debt
    
    
    16,699,146
    
    
    
    
    
    
    
    17,099,146Payments on long-term debt
    
    
    (5,000
    )
    
    
    
    
    
    
    (10,000
    )Capital contributions
    
    
    650,000
    
    
    
    2,950,000
    
    
    
    23,029,000Net cash provided by financing activities
    
    
    17,344,146
    
    
    
    2,819,400
    
    
    
    39,347,845NET INCREASE IN CASH AND CASH EQUIVALENTS
    
    
    1,138,185
    
    
    
    136,562
    
    
    
    1,217,501CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD
    
    
    79,316
    
    
    
    112,466
    
    
    
    CASH AND CASH EQUIVALENTS, END OF PERIOD
    
    $
    1,217,501
    
    
    $
    249,028
    
    
    $
    1,217,501
   6




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WESTERN DUBUQUE BIODIESEL, LLC
(A DEVELOPMENT STAGE COMPANY)
Farley, Iowa
 FINANCIAL STATEMENTS
June 30, 2007
 NOTE 1  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
  Use of Estimates in Preparing Financial Statements
  Basis of Accounting
    Revenue Recognition
  Cash and Cash Equivalents
  Accounts Receivable
  Derivative Instruments and Hedging Activities
   7




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WESTERN DUBUQUE BIODIESEL, LLC
(A DEVELOPMENT STAGE COMPANY)
Farley, Iowa
 FINANCIAL STATEMENTS
June 30, 2007
    Inventories
   Property and Equipment
  YearsOffice equipment
    
    5 - 10Office building
    
    30
    Loan Origination Fees
   8




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WESTERN DUBUQUE BIODIESEL, LLC
(A DEVELOPMENT STAGE COMPANY)
Farley, Iowa
 FINANCIAL STATEMENTS
June 30, 2007
 Other Income
  Organization and Start-Up Costs
  Stock-Based Compensation
 Share-Based
Payment Accounting for Stock Issued to Employees,
  Income Taxes
   9




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WESTERN DUBUQUE BIODIESEL, LLC
(A DEVELOPMENT STAGE COMPANY)
Farley, Iowa
 FINANCIAL STATEMENTS
June 30, 2007
 Earnings Per Unit
  NOTE 2  LONG-TERM DEBT AND FINANCING
  Note payable to Marshall BankFirst for construction loan
 see details below
    
    $
    16,699,146Note payable to the Iowa Department of Economic
Development  see details below
    
    
    390,000Total
    
    
    17,089,146Less current portion
    
    
    493,982Long-term portion
    
    $
    16,595,164
  2008
    
    $
    493,9822009
    
    
    1,180,6942010
    
    
    1,319,5592011
    
    
    1,461,8262012
    
    
    1,521,843Thereafter
    
    
    11,111,242Total
    
    $
    17,089,146
   10




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WESTERN DUBUQUE BIODIESEL, LLC
(A DEVELOPMENT STAGE COMPANY)
Farley, Iowa
 FINANCIAL STATEMENTS
June 30, 2007
   NOTE 3  MEMBERS EQUITY
      NOTE 4  CONCENTRATION OF CREDIT RISK
   11




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WESTERN DUBUQUE BIODIESEL, LLC
(A DEVELOPMENT STAGE COMPANY)
Farley, Iowa
 FINANCIAL STATEMENTS
June 30, 2007
 NOTE
5  CASH FLOW DISCLOSURES
  FromSix Months
    
    
    Six Months
    
    
    November 14, 2005Ended
    
    
    Ended
    
    
    (Date of inception) toJune 30, 2007
    
    
    June 30, 2006
    
    
    June 30, 2007Cash paid for interest,
net of capitalized
interest of $315,009
    
    $
    
    
    
    $
    
    
    
    $
    Units issued for services
included in prepaid
consulting
    
    $
    
    
    
    $
    
    
    
    $
    250,000Services provided for
units previously
issued, costs included
in start-up expenses
    
    $
    
    
    
    $
    233,000
    
    
    $
    250,000Construction in progress
in accounts payable
and accrued interest
    
    $
    2,718,400
    
    
    $
    
    
    
    $
    2,718,400Cost of raising capital
in accounts payable
    
    $
    
    
    
    $
    126,676
    
    
    $
    
 NOTE 6  RELATED PARTY TRANSACTIONS
      12




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WESTERN DUBUQUE BIODIESEL, LLC
(A DEVELOPMENT STAGE COMPANY)
Farley, Iowa
 FINANCIAL STATEMENTS
June 30, 2007
 NOTE 7  COMMITMENTS AND CONTINGENCIES
      NOTE
8  FAIR VALUE OF FINANCIAL INSTRUMENTS
   13




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Item 2. Managements Discussion and Analysis or Plan of Operations
 Forward Looking Statements
  
    
    Overcapacity within the biodiesel industry;
    
    Availability and costs of feedstock, particularly vegetable oils and animal fats;
    
    Changes in the price and market for biodiesel and glycerin;
    
    Our ability to market and our reliance on third parties to market our products;
    
    Actual biodiesel and glycerin production varying from expectations;
    
    Changes in or elimination of governmental laws, tariffs, trade or other controls or
enforcement practices such as national, state or local energy policy; federal biodiesel tax
incentives; or environmental laws and regulations that apply to our plant operations and
their enforcement;
    
    Changes in the weather or general economic conditions impacting the availability and
price of vegetable oils and animal fats;
    
    Total U.S. consumption of diesel;
    
    Weather changes, strikes, transportation or production problems causing supply
interruptions or shortages affecting the availability and price of feedstock;
    
    Changes in plant production capacity or technical difficulties in operating the plant;
    
    Results of our hedging strategies;
    
    Changes in our business strategy, capital improvements or development plans;
    
    Changes in interest rates or the availability of credit;
    
    Our ability to generate free cash flow to invest in our business and service our debt;
    
    Our liability resulting from litigation;
    
    Our ability to retain key employees and maintain labor relations;
    
    Changes and advances in biodiesel production technology;
    
    Competition from alternative fuels; and
    
    Other factors described elsewhere in this registration statement.
  14




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Overview
     Plan of Operations for the Next 12 Months
  Plant Construction Activity
   15




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Utilities
    Permitting and Costs and Effects of Compliance with Environmental Laws
   16




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Permit:
    
    Status:Spill, Prevention, Control and
Countermeasures Plan
    
    We will have in place a Spill,
Prevention, Control and Countermeasures
(SPCC) Plan within 45 days of start-up of
the plant. This plan will require
inspection by a certifying professional
engineer.VOC Emissions from Equipment
Leaks Permit- Construction
    
    We have obtained the construction permit.VOC Emissions from Equipment
Leaks Permit- Operation
    
    Because of the amounts of pollution our
plant is projected to produce, we do not
anticipate needing this permit. If we do
need this permit we have 12 months
following the start of production to
draft a plan for the air operations
permit.Boiler Permit 1
    
    We have obtained this permit from the
Iowa Department of Natural Resources.Boiler Permit 2
    
    We have obtained this permit from the
Iowa Department of Natural Resources.Biodiesel Process/Flare Permit
    
    We have obtained this permit from the
Iowa Department of Natural Resources.NPDES Storm water General
Permit  Operation
    
    The plan and permit application has been
drafted. This permit will require
inspection by a certified professional
engineer. This permit will also involve
a Storm Water Pollution Prevention Plan
which has been drafted. We anticipate
that this permit will be received in late
October 2007 or early November 2007.NPDES Storm water General
Permit  Construction
    
    We have obtained this permit. We also
have in place the Storm Water Pollution
Prevention Plan as required by this
permit.NPDES Wastewater Discharge
Permit
    
    The City of Farley will handle our
domestic waste water and non-contact
water from the cooling tower, blow-down,
boiler blow-down and reverse osmosis
reject water. The City of Dubuque will
handle our process water. We have
submitted a Wastewater Treatment
Agreement to the City of Dubuque.Tier II Report
    
    Because we were not operational in 2006,
we were not required to file a Tier II
Report for 2006. We will, however, be
required to file a Tier II Report prior
to March 1, 2008 for year 2007. We have
a process in place for filing this
report.Superfund Amendments and
Reauthorization Act (SARA)
Section 313 Form R
    
    Because we were not operational in 2006,
we are not required to file Form R for
2006. We will, however, be required to
file Form R prior to July 1, 2008 for
year 2007. We have a process in place
for filing this report.Resource Conservation and
Recovery Act (RCRA) Hazardous
Materials ID Number
    
    We have applied for the Hazardous
Materials ID Number and are currently
waiting for the RCRA Form Subtitle C.Alternative Fuels Registration
    
    This must be submitted to the EPA, along
with product quality testing analysis,
after start-up of our facility. We
anticipate this will be complete within
the next six months.Above Ground Storage Tank
    
    We received approval from the Iowa State
Fire Marshalls office on June 20, 2006.
   17




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Plant Management, Feedstock Procurement and Marketing
   Biodiesel Toll Manufacturing Agreement
  Distribution of Principal Products
  Administration and Employees
   18




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JOB TITLE
    
    NUMBER EMPLOYEESProcess Operator
    
    
    16Accounting Manager
    
    
    1Mechanic
    
    
    2Shipping/Receiving
    
    
    3Operations Supervisor
    
    
    2Quality Assurance Manager
    
    
    1Office Manager
    
    
    1Office Administrative Assistant
    
    
    1Total
    
    
    27
 Trends and Uncertainties Impacting the Biodiesel Industry and Our Future Operations
  Growth and Increased Competition in the Biodiesel Industry
   19




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
    
    there were 148 active plants with an annual production capacity of 1.39 billion
gallons;
    
    there were 96 plants currently under construction and an additional 5 plants
undergoing expansion of their existing operations;
    
    the additional combined capacity of these plants under construction or
expansion is estimated at 1.89 billion gallons per year;
    
    biodiesel plants are operating or have been proposed in at least 46 states; and
    
    there are currently 11 operating biodiesel plants in Iowa.
    20




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
    
    additional rail capacity;
    
    additional storage facilities for biodiesel;
    
    increases in truck fleets capable of transporting biodiesel within localized markets;
    
    expansion in refining and blending facilities to handle biodiesel; and
    
    growth in service stations equipped to handle biodiesel fuels.
  Increased Prices and Decreased Production of Feedstock
    21




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Critical Accounting Estimates
  Off-Balance Sheet Arrangements
  Liquidity and Capital Resources
  Sources of Funds
  Percent ofSource of Funds
    
    
    
    
    
    TotalMember Equity, Intrastate Offering ($1,000 per unit)
    
    $
    19,279,000
    
    
    
    31.38
    %Member Equity, Directors Exercised Options
    
    $
    650,000
    
    
    
    1.06
    %Member Equity, Seed Capital ($500 per unit)
    
    $
    3,100,000
    
    
    
    5.05
    %Member Equity, Final Construction Loan Payment ($1,000 per unit)
    
    $
    2,500,000
    
    
    
    4.07
    %Debt Financing
    
    $
    35,500,000
    
    
    
    57.80
    %Loan/Grant Funding (IDED)
    
    $
    400,000
    
    
    
    .65
    %Total Sources of Funds(1)
    
    $
    58,929,000
    
    
    
    100.00
    %
 
 (1)
    
    This amount excludes non-cash equity compensation recognized by our company in connection
with the units paid to The Biodiesel Group as compensation under their consulting agreement
with the company and its directors unit option plan. Equity Financing
   22




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Debt Financing
 The Wall Street Journal The Wall Street Journal The Wall Street Journal
       23




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Government Programs and Grants
  Use of Proceeds
  Research and Development
  
 Item 3. Controls And Procedures
    24




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PART II. OTHER INFORMATION
 
 Item 1. Legal Proceedings.
  
 Item 1A. Risk Factors.
  The decreasing availability and increasing price of soybean oil may hinder our ability to
profitably produce biodiesel and may result in plant shut downs and decreased revenues.
  
 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
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Item 3. Defaults Upon Senior Securities.
   
 Item 4. Submission of Matters to Security Holders.
  
 Item 5. Other Information.
 Regulation FD Disclosure
  
 Item 6. Exhibits
  Exhibit
    
    
    
    Method ofNo.
    
    Description
    
    Filing10.14
    
    Industry Track Agreement between Chicago, Central and Pacific
Railroad Company and Western Dubuque Biodiesel, LLC dated June
15, 2007
    
    
    110.15
    
    Water Use Agreement between the City of Farley, Iowa and
Western Dubuque Biodiesel, LLC dated June 8, 2007
    
    
    110.16
    
    Sewer Use Agreement between the City of Dubuque, Iowa and
Western Dubuque Biodiesel, LLC dated May 20, 2007
    
    
    110.17
    
    Electric Service Agreement between Alliant Energy and Western
Dubuque Biodiesel, LLC dated June 13, 2007.
    
    
    110.18
    
    Toll Manufacturing Agreement between Renewable Energy Group,
Inc. and Western Dubuque Biodiesel, LLC dated July 9, 2007 +
    
    
    131.1
    
    Certificate pursuant to 17 CFR 240 13a-14(a)
    
    
    *31.2
    
    Certificate pursuant to 17 CFR 240 13a-14(a)
    
    
    *
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Exhibit
    
    
    
    Method ofNo.
    
    Description
    
    Filing32.1
    
    Certificate pursuant to 18 U.S.C. Section 1350
    
    
    *32.2
    
    Certificate pursuant to 18 U.S.C. Section 1350
    
    
    *99.1
    
    Renewable Energy Group, Inc. Press Release dated August 8, 2007
    
    
    *
 
 (*)
    
    Filed herewith.(1)
    
    Incorporated by reference to the exhibit of the same number on our Amendment No. 1 to
Registration Statement on Form 10-SB, No.000-52617, originally filed on August 10, 2007.(+)
    
    Confidential Treatment Requested 
 SIGNATURES
  WESTERN DUBUQUE BIODIESEL, LLCDate: August 14, 2007
    /s/ William G. SchuellerWilliam G. SchuellerChairman and Director

(Principal Executive Officer)Date: August 14, 2007
    /s/ George DavisGeorge DavisTreasurer and Director

(Principal Financial and Accounting Officer)  27




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EXHIBIT INDEX
 ExhibitNo.
    
    Description31.1
    
    Certificate pursuant to 17 CFR 240 13a-14(a)31.2
    
    Certificate pursuant to 17 CFR 240 13a-14(a)32.1
    
    Certificate pursuant to 18 U.S.C. Section 135032.2
    
    Certificate pursuant to 18 U.S.C. Section 135099.1
    
    Renewable Energy Group, Inc. Press Release dated August 8, 2007
  28