Starting and operating a new business involve considerable risk and effort to overcome the inertia against creating something new. In creating and growing a new venture, the entrepreneur assumes the responsibility and risk for its development and survival and enjoys the corresponding rewards. The fact that consumer, businesspeople, and government officials are interested in entrepreneurship is shown in increasing research on the subject, the large number of college courses and seminars on the topic, the more than 2 million new enterprises started each year despite a 70% failure rate, the significant coverage and focus by the media, and the realization that this is an important topic for industrialized, developing and once-controlled economies.
It is well known fact the known sources of fossil fuels in the world are depleting very fast and by the turn of the century, man will have to increasingly depend upon renewable resources of energy. So to develop new technologies for the extraction of renewable sources of energy many studies are being performed. The maximum use of fossils fuel is in automobile industry so if we able to replace petrol and diesel then this world will take breathe. And remembering the current environment situation of the world like global warming, increment of green house gases, depletion of ozone layer, etc. the use of renewable energy should be encouraged.
Realizing this present situation, the biotechnological production of fuel ethanol from different raw material is necessary to protect this world. Hence the production bio ethanol from molasses is reasonable in our country. The complexity of biomass processing is recognized through the analysis of the different stages involved in the conversion of lignocelluloses complex into fermentable sugar.
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