MILC, through its wholly owned subsidiary Millennium Carbon, LLC is currently developing a novel production process for Activated Carbon using a waste stream as feedstock. If successful, this concept could solve both a waste stream disposal issue while also producing Activated Carbon without the need for the use of such feedstocks as coal. As such, Millennium Carbon believes it developing a sustainable business plan for the production of Activated Carbon.
MILC, through its wholly owned subsidiary Millennium HI Carbon, LLC, owns an activated carbon plant located in Kawaihae, Hawaii. The plant is designed to convert macadamia nut shells into a high grade activated carbon which can be used for the energy storage and the primary component of manufacturing ultracapacitors. The plant was acquired out of bankruptcy and represents over $44 million of investment by the original project developer. At this point, MILC is exploring alternative uses for this facility based on its conclusion that the plant cannot perform as intended.