Iirc, that is one of the major ways that Brazil produces bio-ethanol, a lot of it was from the waste products too. It's been a while but I think the energy density vs ag production cost is also higher vs corn. You can then used the remnants from that for biomass pellet production for essentially full cycle use. You get the sugar, ethanol, then either fertilizer/biochar or biomass pellets for energry production.
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They did a limited run of the game where the cards explain the joke so it was considered educational material, thus circumventing the tarrifs. Its pretty good, props on them for doing it.