Molasses is a viscous by-product of the refining of sugarcane. Molasses varies by amount of sugar and method of extraction, and age of plant. Molasses generally used to making ethyl alcohol for industry.
Bagasse - is the fibrous matter that remains after sugarcane stalks are crushed, to extract their juice. We currently use Bagasse as a primary fuel source for sugar mills; when burned in quantity, it produces sufficient heat energy to supply all the needs of a typical sugar mill, with energy to spare.