UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                  SCHEDULE 13G
                                (Amendment No. 1)

                   Under the Securities Exchange Act of 1934*

                    Aventine Renewable Energy Holdings, Inc.
                    ----------------------------------------
                                (Name of Issuer)

                          Common Stock, $.001 par value
                          -----------------------------
                         (Title of Class of Securities)

                                    05356X403
                                    ---------
                                 (CUSIP Number)


                                December 31, 2007
                                -----------------
                      (Date of Event which Requires Filing
                               of this Statement)


Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

                  [ ]      Rule 13d-1(b)
                  [ ]      Rule 13d-1(c)
                  [X]      Rule 13d-1(d)


  *The remainder of this cover page shall be filled out for a reporting person's
  initial filing on this form with respect to the subject class of securities,
  and for any subsequent amendment containing information which would alter the
  disclosures provided in a prior cover page.

  The information required on the remainder of this cover page shall not be
  deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
  Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
  the Act but shall be subject to all other provisions of the Act (however, see
  the Notes).





-------------------------------                                -----------------
CUSIP No. 05356X403                      13G                   Page 2 of 7 Pages
-------------------------------                                -----------------
---------- ---------------------------------------------------------------------
        1  NAME OF REPORTING PERSON
           I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

           Touradji Capital Management, LP
---------- ---------------------------------------------------------------------
        2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                      (a) [ ]
                                                                      (b) |X|
---------- ---------------------------------------------------------------------
        3  SEC USE ONLY
---------- ---------------------------------------------------------------------
        4  CITIZENSHIP OR PLACE OF ORGANIZATION

           Delaware
--------------------- ----- ----------------------------------------------------
                         5  SOLE VOTING POWER

                            0
                      ----- ----------------------------------------------------
                         6  SHARED VOTING POWER
NUMBER OF SHARES
BENEFICIALLY OWNED          770,974
BY EACH REPORTING     ----- ----------------------------------------------------
PERSON WITH              7  SOLE DISPOSITIVE POWER

                            0
                      ----- ----------------------------------------------------
                         8  SHARED DISPOSITIVE POWER

                            770,974
---------- ---------------------------------------------------------------------
        9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

           770,974
---------- ---------------------------------------------------------------------
       10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

           [ ]
---------- ---------------------------------------------------------------------
       11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

           1.8%
---------- ---------------------------------------------------------------------
       12  TYPE OF REPORTING PERSON*

           IA, PN
---------- ---------------------------------------------------------------------

                                      -2-





-------------------------------                                -----------------
CUSIP No. 05356X403                      13G                   Page 3 of 7 Pages
-------------------------------                                -----------------
---------- ---------------------------------------------------------------------
        1  NAME OF REPORTING PERSON
           I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

           Touradji Global Resources Master Fund, Ltd.
---------- ---------------------------------------------------------------------
        2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                      (a) [ ]
                                                                      (b) |X|
---------- ---------------------------------------------------------------------
        3  SEC USE ONLY
---------- ---------------------------------------------------------------------
        4  CITIZENSHIP OR PLACE OF ORGANIZATION

           Cayman Islands
--------------------- ----- ----------------------------------------------------
                         5  SOLE VOTING POWER

                            0
                      ----- ----------------------------------------------------
                         6  SHARED VOTING POWER
NUMBER OF SHARES
BENEFICIALLY OWNED          682,386
BY EACH REPORTING     ----- ----------------------------------------------------
PERSON WITH              7  SOLE DISPOSITIVE POWER

                            0
                      ----- ----------------------------------------------------
                         8  SHARED DISPOSITIVE POWER

                            682,386
---------- ---------------------------------------------------------------------
        9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

           682,386
---------- ---------------------------------------------------------------------
       10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

           [ ]
---------- ---------------------------------------------------------------------
       11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

           1.6%
---------- ---------------------------------------------------------------------
       12  TYPE OF REPORTING PERSON*

           CO
---------- ---------------------------------------------------------------------

                                      -3-




-------------------------------                                -----------------
CUSIP No. 05356X403                      13G                   Page 4 of 7 Pages
-------------------------------                                -----------------
---------- ---------------------------------------------------------------------
        1  NAME OF REPORTING PERSON
           I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

           Paul Touradji
---------- ---------------------------------------------------------------------
        2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                      (a) [ ]
                                                                      (b) |X|
---------- ---------------------------------------------------------------------
        3  SEC USE ONLY
---------- ---------------------------------------------------------------------
        4  CITIZENSHIP OR PLACE OF ORGANIZATION

           United States
--------------------- ----- ----------------------------------------------------
                         5  SOLE VOTING POWER

                            0
                      ----- ----------------------------------------------------
                         6  SHARED VOTING POWER
NUMBER OF SHARES
BENEFICIALLY OWNED          770,974
BY EACH REPORTING     ----- ----------------------------------------------------
PERSON WITH              7  SOLE DISPOSITIVE POWER

                            0
                      ----- ----------------------------------------------------
                         8  SHARED DISPOSITIVE POWER

                            770,974
---------- ---------------------------------------------------------------------
        9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

           770,974
---------- ---------------------------------------------------------------------
       10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

           [ ]
---------- ---------------------------------------------------------------------
       11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

           1.8%
---------- ---------------------------------------------------------------------
       12  TYPE OF REPORTING PERSON*

           IN
---------- ---------------------------------------------------------------------

                                      -4-





This Amendment No. 1 to the Schedule 13G (this "Amendment No. 1") is being filed
with respect to the Common Stock of Aventine Renewable Energy Holdings, Inc., a
company organized under the laws of Illinois (the "Company"), to amend the
Schedule 13G filed on February 14, 2007 (the "Schedule 13G"). This Amendment No.
1 is being filed in connection with the annual requirement to report changes in
beneficial ownership not otherwise reported. Further, this Amendment No. 1
reports beneficial ownership of less than 5% of the total outstanding Common
Stock of the Company by all Reporting Persons. Capitalized terms used but not
defined herein have the meaning ascribed thereto in the Schedule 13G.

Item 4    Ownership:
          ---------

Item 4 of the Schedule 13G is hereby amended by the deletion of the entirety of
the text thereof and its replacement with the following:

The beneficial ownership of Common Stock by the Reporting Persons, as of the
date hereof, is as follows:

     A.   Touradji Capital Management, LP
          -------------------------------

     (a)  Amount beneficially owned: 770,974 Shares.

     (b)  Percent of Class: 1.8%. The percentages used herein and in the rest of
          this Schedule 13G are calculated based upon a total of 41,982,538
          shares of Common Stock outstanding as of November 5, 2007, as reported
          on the Issuer's Report on Form 10-Q for the quarterly period ended
          September 30, 2007.

     (c)  (i) Sole power to vote or direct the vote: -0-
          (ii) Shared power to vote or direct the vote: 770,974
          (iii)Sole power to dispose of or direct the disposition: -0-
          (iv) Shared power to dispose of or direct the disposition of: 770,974

      B.   Touradji Global Resources Master Fund, Ltd.
           --------------------------------------------

     (a)  Amount beneficially owned: 682,386 Shares.

     (b)  Percent of Class: 1.6%.

     (c)  (i) Sole power to vote or direct the vote: -0-
          (ii) Shared power to vote or direct the vote: 682,386
          (iii)Sole power to dispose of or direct the disposition: -0-
          (iv) Shared power to dispose of or direct the disposition of: 682,386

      C.   Paul Touradji
           -------------

     (a)  Amount beneficially owned: 770,974 Shares.

                                      -5-


     (b)  Percent of Class: 1.8%.

     (c)  (i) Sole power to vote or direct the vote: -0-
          (ii) Shared power to vote or direct the vote: 770,974
          (iii)Sole power to dispose of or direct the disposition: -0-
          (iv) Shared power to dispose of or direct the disposition of: 770,974

Item 5    Ownership of Five Percent or Less of a Class:
          --------------------------------------------

          If this statement is being filed to report the fact that as of the
          date hereof the reporting person has ceased to be the beneficial owner
          of more than five percent of the class of securities, check the
          following: [X]

Item 10   Certification:
          -------------

          Each of the Reporting Persons hereby makes the following
          certification:

          By signing below I certify that, to the best of my knowledge and
          belief, the securities referred to above were not acquired and are not
          held for the purpose of or with the effect of changing or influencing
          the control of the issuer of the securities and were not acquired and
          are not held in connection with or as a participant in any transaction
          having that purpose or effect.



              [THE REMAINDER OF THIS PAGE LEFT INTENTIONALLY BLANK]

                                      -6-




                                    SIGNATURE
                                    ---------

     After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.

Dated:  February 14, 2008


                           TOURADJI CAPITAL MANAGEMENT, LP
                           By: Touradji Capital GP, LLC, its general partner

                           By: Paul Touradji, Managing Member

                           By: /s/ Thomas S. Dwan
                               -------------------------------------------------
                               Name:  Thomas S. Dwan
                               Title: Attorney-in-fact



                            TOURADJI GLOBAL RESOURCES MASTER FUND, LTD.

                            By: Paul Touradji, Director

                            By: /s/ Thomas S. Dwan
                               -------------------------------------------------
                               Name:  Thomas S. Dwan
                               Title: Attorney-in-fact


                           PAUL TOURADJI


                           By: /s/ Thomas S. Dwan
                               -------------------------------------------------
                               Name:  Thomas S. Dwan
                               Title: Attorney-in-fact




                         [SIGNATURE PAGE TO SCHEDULE 13G
                                 WITH RESPECT TO
                    AVENTINE RENEWABLE ENERGY HOLDINGS, INC.]

                                      -7-