Washington, DC [Dow Jones] Molasses, a byproduct of sugar production in the U.S., shows promise as a viable source of raw material to make ethanol, according to new research that looked into the feasibility of producing fuel from sugar and sugar-related products. … While the U.S. relies mostly on corn for the ethanol it produces, political leaders such as Sen. Saxby Chambliss, R-GA, have said they would like to see sugar farmers profiting from strong ethanol demand. Brazil is often used as an example of a country succeeding in sugarcane-based ethanol production.