endeavor logo

Prince Skosana

Image
  • Image
Entrepreneur
Prince Skosana
Company
Matayo Biofuels
Industry
Renewable Energy
Year Selected
2015
Jobs at selection
9
Logo
  • Logo
Company Snapshot

Matayo Biofuels is an innovative green solutions company specialising in the production of biodiesel, consulting services and the supply of turnkey, decentralised biodiesel processing equipment.

Biodiesel is methanol-based biofuel intended as a substitute for diesel. It’s a clean burning alternative fuel, produced from domestic, renewable resources such as plant oils, animal fats, used cooking oil and algae. Biodiesel can be blended at any level with petrodiesel to create a biodiesel blend, which can be used in compression-ignition engines with little or no modifications. It’s simple to use, biodegradable, non-toxic and essentially free of sulfur and aromatics. Key drivers include: worries about energy security; interest in economic development, including sustainable jobs in agriculture; and the need to mitigate climate change by emitting less greenhouse gas. The company took advantage of this emerging opportunity in 2012, having commissioned a biodiesel plant in Benoni.

Prince, the youngest son of five children, was raised in Soshanguve, north of Pretoria. He studied electronics engineering and was an active member of a student body called AIESEC. It was through AIESEC and the George Soros’ Open Society Initiative for Southern Africa (OSISA) that Prince was awarded an internship opportunity with the United Nations Industrial Development Organisation (UNIDO), where he was deployed as a junior researcher for a renewable energy project in the Chongwe District of Zambia.

Prince has worked as a market researcher for Zakheni Communications Strategies, where he undertook a number of groundbreaking assignments in eight countries across Africa. He then founded a successful ICT solutions company, NunuCom, followed by Matayo Biofuels (Pty) Ltd four years later. Having initially funded the company from his personal savings, the business was able to successfully raise a significant amount of equity capital in its first year of operation. Matayo Biofuels has since graduated from The Innovation Hub’s incubation program and has partnered with the University of South Africa as its research partner. Prince is also currently an executive member of the Southern Africa Bioenergy Association (SABA).