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A new version of Tetra Pak's plant-based package will be used by a US company named Just Water.

More than 80 per cent of the Tetra Top carton bottle comes from plant-based materials, and it now comes with a cap and top made from high-density polyethylene (HDPE) derived from sugar cane.

Combined with the FSC certified paperboard used in the main sleeve of the carton, this pushes its renewable content up from 53 per cent to 82 per cent, with no impact to its recyclability.

Just CEO Grace Jeon said the water company's goal was to reduce its impact on the environment while creating change in communities.

“Compared with different types of plastic water bottles, this bottle innovation significantly reduces the product’s carbon footprint," she said.

Food & Drink Business

Advanced biomanufacturer, Cauldron Ferm, has raised $13.25 million in a Series A2 priced round led by Main Sequence Ventures, with participation from Horizons Ventures, SOSV, and NGS Super.

Global consumer goods business, Unilever, has confirmed it is in discussions with McCormick & Co on the sale of its Food business. Both companies have released statements saying while negotiations are ongoing there is no certainty of a deal.

Australian organisations could gain access to the world’s largest pooled research fund by early 2027, as the federal government begins treaty negotiations on association to Horizon Europe, the European Union’s $155 billion flagship research and innovation funding program.