I use pomegranate molasses as the base for my current favorite bbq sauce and have been very happy with it:
2 cups raw or dark brown sugar
1 cup light corn syrup (Karo, not the high-fructose stuff)
1 (6-ounce) can tomato paste
1 cup cider vinegar
1/4 cup gluten-free Worcestershire sauce
1/4 cup pomegranate molasses
1 tablespoon kosher salt
1 tablespoon granulated garlic
2 teaspoons chili powder
2 teaspoons Hungarian sweet paprika
1 teaspoon coarse-ground black pepper
1 teaspoon granulated onion
1 teaspoon vanilla extract
1 teaspoon cayenne pepper
1 teaspoon dried sage
1 teaspoon dried thyme
1 teaspoon allspice
1/2 teaspoon ground nutmeg
1/2 teaspoon ground cumin
Combine sugar, syrup, paste, vinegar, Worcestershire, molasses and salt. Wisk to combine. Bring to a boil (careful as it will foam up and bite you). Reduce heat and simmer for 5 minutes. This is your sauce base. If it doesn’t taste great, the rest of the ingredients aren’t going to save it. Taste for sweetness, acid, umami, and salt. Adjust accordingly.
Turn the heat off and add the garlic, chili powder, paprika, pepper, onion, vanilla, cayenne, sage, thyme, allspice, nutmeg, and cumin. Wisk to combine.
Bring to a boil again then reduce heat to lowest setting and let sauce cook for another 10 minutes. Remove from heat and let cool. Bottle and store in the fridge. Makes about 1 quart.
http://www.food-fire.com/index.php/2013/05/24/pomegranate-pig-barbeque-sauce/