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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000899140-09-000159.txt : 20090122
<SEC-HEADER>0000899140-09-000159.hdr.sgml : 20090122
<ACCEPTANCE-DATETIME>20090122175828
ACCESSION NUMBER:		0000899140-09-000159
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20081229
FILED AS OF DATE:		20090122
DATE AS OF CHANGE:		20090122

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BioFuel Energy Corp.
		CENTRAL INDEX KEY:			0001373670
		STANDARD INDUSTRIAL CLASSIFICATION:	INDUSTRIAL ORGANIC CHEMICALS [2860]
		IRS NUMBER:				205952523
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		1801 BROADWAY, SUITE 1060
		CITY:			DENVER
		STATE:			CO
		ZIP:			80202
		BUSINESS PHONE:		303-592-8110

	MAIL ADDRESS:	
		STREET 1:		1801 BROADWAY, SUITE 1060
		CITY:			DENVER
		STATE:			CO
		ZIP:			80202

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			THIRD POINT PARTNERS LP
		CENTRAL INDEX KEY:			0001403112

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33530
		FILM NUMBER:		09540005

	BUSINESS ADDRESS:	
		STREET 1:		390 PARK AVENUE
		STREET 2:		18TH FL
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		212-224-7400

	MAIL ADDRESS:	
		STREET 1:		390 PARK AVENUE
		STREET 2:		18TH FL
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Third Point LLC
		CENTRAL INDEX KEY:			0001040273
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33530
		FILM NUMBER:		09540006

	BUSINESS ADDRESS:	
		STREET 1:		390 PARK AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		2122247400

	MAIL ADDRESS:	
		STREET 1:		390 PARK AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

	FORMER NAME:	
		FORMER CONFORMED NAME:	THIRD POINT MANAGEMENT CO LLC
		DATE OF NAME CHANGE:	19970602

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Loeb Daniel S
		CENTRAL INDEX KEY:			0001300345

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33530
		FILM NUMBER:		09540007

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		(212) 224-7400

	MAIL ADDRESS:	
		STREET 1:		THIRD POINT MANAGEMENT COMPANY L.L.C.
		STREET 2:		360 MADISON AVENUE, 24TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			THIRD POINT PARTNERS QUALIFIED L P
		CENTRAL INDEX KEY:			0001341499

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33530
		FILM NUMBER:		09540008

	BUSINESS ADDRESS:	
		STREET 1:		390 PARK AVE 18TH FL
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		212-224-7400

	MAIL ADDRESS:	
		STREET 1:		390 PARK AVE 18TH FL
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>loeb_biof4-012209ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2008-12-29</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001373670</issuerCik>
        <issuerName>BioFuel Energy Corp.</issuerName>
        <issuerTradingSymbol>BIOF</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001300345</rptOwnerCik>
            <rptOwnerName>Loeb Daniel S</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>390 PARK AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001040273</rptOwnerCik>
            <rptOwnerName>Third Point LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>390 PARK AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001403112</rptOwnerCik>
            <rptOwnerName>THIRD POINT PARTNERS LP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>390 PARK AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001341499</rptOwnerCik>
            <rptOwnerName>THIRD POINT PARTNERS QUALIFIED L P</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>390 PARK AVE 18TH FL</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock, par value $0.01 per share</value>
            </securityTitle>
            <transactionDate>
                <value>2008-12-29</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>C</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>224484</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F2"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>224484</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock, par value $0.01 per share</value>
            </securityTitle>
            <transactionDate>
                <value>2008-12-29</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>C</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>4328800</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F2"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>5578800</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnote</value>
                    <footnoteId id="F1"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Units</value>
                <footnoteId id="F2"/>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F2"/>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2008-12-29</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>C</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>224484</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F2"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F2"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F2"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>224484</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
                <value>Units</value>
                <footnoteId id="F2"/>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F2"/>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2008-12-29</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>C</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>4328800</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F2"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F2"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F2"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>4328800</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnote</value>
                    <footnoteId id="F1"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">See Exhibit 99.1.</footnote>
        <footnote id="F2">See Exhibit 99.1.</footnote>
    </footnotes>

    <remarks>Joint Filer Information:  See Exhibits 99.2, 99.3, 99.4

Power of Attorney granted by Daniel S. Loeb in favor of James P. Gallagher, William Song, Joshua L. Targoff and Bruce Wilson,
 dated January 5, 2009, was previously filed with the SEC on January 5, 2009 as an exhibit to Amendment No. 3 to Schedule 13G
 filed by Third Point LLC, Daniel S. Loeb, Third Point Offshore Fund, Ltd., Third Point Offshore Master Fund, L.P., and Third
 Point Advisors II L.L.C. with respect to Energy XXI (Bermuda) Limited and is incorporated herein by reference.</remarks>

    <ownerSignature>
        <signatureName>/s/ William Song, Attorney-in-Fact for Daniel S. Loeb</signatureName>
        <signatureDate>2009-01-22</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ William Song, Attorney-in-Fact for Daniel S. Loeb, Chief Executive Officer of Third Point LLC</signatureName>
        <signatureDate>2009-01-22</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ William Song, Attorney-in-Fact for Daniel S. Loeb, Managing Member of Third Point Advisors LLC, general partner of Third Point Partners LP</signatureName>
        <signatureDate>2009-01-22</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ William Song, Attorney-in-Fact for Daniel S. Loeb, Managing Member of Third Point Advisors LLC, general partner of Third Point Partners Qualified LP</signatureName>
        <signatureDate>2009-01-22</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>l4685795a.txt
<DESCRIPTION>EXHIBIT 99.1 EXPLANATION OF RESPONSES
<TEXT>

                                                                    Exhibit 99.1


                            EXPLANATION OF RESPONSES


(1)  Third Point LLC ("Third Point") is investment manager or adviser to a
     variety of hedge funds and managed accounts (the "Funds"). Mr. Loeb is the
     Chief Executive Officer of Third Point, and by reason of the provisions of
     Rule 16a-1 under the Securities Exchange Act of 1934, as amended, Third
     Point and Mr. Loeb may be deemed to be the beneficial owners of the
     securities beneficially owned by the Funds. Third Point and Mr. Loeb hereby
     disclaim beneficial ownership of all such securities, except to the extent
     of any indirect pecuniary interest therein.


(2)  As of December 29, 2008, each of Mr. Loeb and the Funds has exchanged all
     of their respective membership units of BioFuel Energy, LLC, a subsidiary
     of the Company (the "LLC Units"), and shares of Class B common stock of the
     Company held by each ("Class B" and, collectively with the LLC Units, the
     "Units") for newly-issued shares of Common Stock (on a one-for-one basis)
     pursuant to the terms of the Second Amended and Restated Limited Liability
     Company Agreement of BioFuel Energy, LLC (the "LLC Agreement"). Under the
     terms of the LLC Agreement, no conversion or exercise price was paid in
     conjunction with the conversion of the Units into a like number of shares
     of Common Stock.


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>l4685795b.txt
<DESCRIPTION>EXHIBIT 99.2 JOINT FILER INFO TP LLC
<TEXT>

                                                                    Exhibit 99.2


                              Attachment to Form 4


                             JOINT FILER INFORMATION



Name and Address:                       Third Point LLC
                                        390 Park Avenue
                                        New York, NY 10022


Date of Event Requiring Statement:      12/29/2008
Issuer and Ticker Symbol:               BioFuel Energy Corp. (BIOF)
Relationship to Issuer:                 10% Owner (1)
Designated Filer:                       Daniel S. Loeb


TABLE I INFORMATION

Title of Security:                      Common Stock, par value $0.01 per share
Transaction Date                        12/29/2008
Transaction Code                        C
Amount of Securities and Price          4,328,800 (2)
Securities Acquired (A) or
     Disposed of (D)                    A
Amount of Securities Beneficially
     Owned Following Reported
     Transactions                       5,578,800
Ownership Form:                         I
Nature of Indirect Beneficial
     Ownership:                         (1)


TABLE II INFORMATION

Title of Security:                      Units
Transaction Date                        12/29/2008
Transaction Code                        C
Amount of Securities and Price          4,328,800 (2)
Securities Acquired (A) or
     Disposed of (D)                    D
Amount of Securities Beneficially
     Owned Following Reported
     Transactions                       0
Ownership Form:                         I
Nature of Indirect Beneficial
     Ownership:                         (1)


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>4
<FILENAME>l4685795c.txt
<DESCRIPTION>EXHIBIT 99.3 JOINT FILER INFO TP PARTNERS LP
<TEXT>

                                                                    Exhibit 99.3


                              Attachment to Form 4


                             JOINT FILER INFORMATION



Name and Address:                       Third Point Partners LP
                                        390 Park Avenue
                                        New York, NY 10022


Date of Event Requiring Statement:      12/29/2008
Issuer and Ticker Symbol:               BioFuel Energy Corp. (BIOF)
Relationship to Issuer:                 10% Owner
Designated Filer:                       Daniel S. Loeb


TABLE I INFORMATION

Title of Security:                      Common Stock, par value $0.01 per share
Transaction Date                        12/29/2008
Transaction Code                        C
Amount of Securities and Price          2,690,782 (2)
Securities Acquired (A) or
     Disposed of (D)                    A
Amount of Securities Beneficially
     Owned Following Reported
     Transactions                       2,867,782
Ownership Form:                         D
Nature of Indirect Beneficial
     Ownership:


TABLE II INFORMATION

Title of Security:                      Units
Transaction Date                        12/29/2008
Transaction Code                        C
Amount of Securities and Price          2,690,782 (2)
Securities Acquired (A) or
     Disposed of (D)                    D
Amount of Securities Beneficially
     Owned Following Reported
     Transactions                       0
Ownership Form:                         D
Nature of Indirect Beneficial
     Ownership:

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>5
<FILENAME>l4685795d.txt
<DESCRIPTION>EXHIBIT 99.4 JOINT FILER INFO TP PARTNERS QUALIFIED LP
<TEXT>

                                                                    Exhibit 99.4


                              Attachment to Form 4


                             JOINT FILER INFORMATION



Name and Address:                       Third Point Partners Qualified LP
                                        390 Park Avenue
                                        New York, NY 10022


Date of Event Requiring Statement:      12/29/2008
Issuer and Ticker Symbol:               BioFuel Energy Corp. (BIOF)
Relationship to Issuer:                 10% Owner
Designated Filer:                       Daniel S. Loeb


TABLE I INFORMATION

Title of Security:                      Common Stock, par value $0.01 per share
Transaction Date                        12/29/2008
Transaction Code                        C
Amount of Securities and Price          1,638,018 (2)
Securities Acquired (A) or
     Disposed of (D)                    A
Amount of Securities Beneficially
     Owned Following Reported
     Transactions                       1,808,018
Ownership Form:                         D
Nature of Indirect Beneficial
     Ownership:


TABLE II INFORMATION

Title of Security:                      Units
Transaction Date                        12/29/2008
Transaction Code                        C
Amount of Securities and Price          1,638,018 (2)
Securities Acquired (A) or
     Disposed of (D)                    D
Amount of Securities Beneficially
     Owned Following Reported
     Transactions                       0
Ownership Form:                         D
Nature of Indirect Beneficial
     Ownership:

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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