Graphene NanoChem Plc, formerly Biofutures International Plc, is an investing company. The Company focuses to invest in or acquire projects or companies in the energy or utility sectors and their infrastructures. The Company and its subsidiaries are engaged in the refining of palm oil. On January 5, 2011, the Company announced the completion of building and commissioning of a 200,000 metric tons per annum palm oil refinery plant (Refinery) at Lahad Datu, Sabah, Malaysia, through its wholly owned subsidiary, Zurex Corporation Sdn. Bhd (Zurex). During the year ended December 31, 2011, Zurex had commenced its business activity of palm oil refining.