KIEV, Oct. 16 – The volume of molasses made in Ukraine in a year is enough to produce only 100,000 tons of bioethanol, which is one third of the country's needs for 2014, Director of Ukrprodspilka Mykola Tychenko, said at a roundtable in Kiev on Tuesday.

"Taking into account the forecasts for the harvest, this year we'll have 400,000-500,000 tons of molasses. If it all of it is used to produce bioethanol, this is enough to make only 100,000 tons," he said.

Tychenko said that the promising direction is production of bioethanol from corn, although there are no the said production facilities in Ukraine now.