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): March 6, 2007

ETHANEX ENERGY, INC.
(Exact name of registrant as specified in its charter)

Nevada	333-129810	Pending
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification Number)

14500 Parallel Road, Suite A
Basehor, KS		66007
(Address of principal executive offices)		(Zip Code)


(913) 724-4106
(Registrant’s telephone number, including area code)


(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 (see General Instruction A.2. below):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ 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

On March 6, 2007, Ethanex Energy North America, Inc. (the “Company”), a wholly owned subsidiary of Ethanex Energy, Inc., entered into an Eighth Amendment to Joint Venture Agreement with SEMO Milling, LLC (“SEMO”), amending the Joint Venture Agreement dated August 4, 2006, relating to the construction of a 100 million gallon per year nameplate ethanol production plant to be co-located with a dry corn mill production facility being constructed by SEMO near Cape Girardeau, Missouri.

The Eighth Amendment extended to March 23, 2007 (from February 28, 2007) the deadline for performing specified actions and activities under the Joint Venture Agreement (which is referred to as the “effective date”), including:

·	entering into certain agreements related to the joint venture, including an assignment agreement, a contribution agreement, a services agreement and a technology licensing agreement;

·	making initial capital contributions to the joint venture; and

·	obtaining third-party financing for the joint venture.

The Company and SEMO agreed that the Eighth Amendment would have retroactive effect to February 28.

The Company and SEMO have agreed, during the new extension period, to discuss various possible changes to their business relationship. The Company and SEMO have extended the “effective date” under the Joint Venture Agreement several times, and further extensions may occur. The Company cannot predict the outcome of discussions with SEMO or what effect such discussions may have on its business relationship with SEMO or any future business activities between SEMO and the Company.

The foregoing description of the Amendment does not purport to be complete and is qualified in the entirety by the terms and conditions of such Amendment, which is filed as Exhibits 10.1 to this Current Report on Form 8-K.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

10.1	Eighth Amendment to Joint Venture Agreement, dated March 6, 2007, by and between SEMO Milling, LLC and Ethanex Energy North America, Inc.

SIGNATURES

According to 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, thereunto duly authorized.


	ETHANEX ENERGY, INC.

Date: March 6, 2007		/s/David J. McKittrick
		By: David J. McKittrick
		Its: Executive Vice President and Chief
		Financial Officer

ETHANEX ENERGY, INC. 8-K