The French government plans to spend €200 million (or about $216 million) to destroy excess wine in hopes of shoring up a struggling wine industry that is seeing changing consumption habits among younger drinkers.
...the government will be adding to the initial €160 million fund offered by the EU to purchase the surplus wine, according to Agence France-Presse news wire.
The wine will be destroyed to create industrial alcohol that can be sold to make items such as hand sanitizer, cleaning products, and perfume, according to the report.
— Read more in French government to spend $216 million to destroy excess wine as younger consumers drink less alcohol at Business Insider.
