Bagasse This fibrous residue left after sugarcane juice extraction is a valuable biomass fuel. It can be burned to generate electricity or heat, often powering the sugar mills themselves.

Molasses While molasses isn't directly used to produce synthetic fertilizers, it can be fermented to create ethanol, a biofuel. Ethanol can be used as a transportation fuel or blended with gasoline.

Synthetic Fertilizers Molasses don't directly contribute to the production of synthetic chemical fertilizers. These fertilizers are typically manufactured using chemical processes involving elements like nitrogen, phosphorus, and potassium.

Thus, statements 1&3 are correct while statement 2 is wrong.