Editor's note: In this ongoing series on the birth and growth of privately owned Chinese companies that are redefining innovation, China Daily profiles Jinan Shengquan Group, a bioengineering company which is betting big on a new biomass-graphene material.

Jinan Shengquan Group, a bioengineering company, is betting big on a new biomass-graphene material that may trigger a trillion-dollar industry.

The Jinan-based company developed a kind of material known as biomass graphene, extracted from straw and corn cob and claims it can be used for the far-infrared therapy, which some reports said can stimulate blood circulation and oxygenate the body's cells.