Biogenic municipal solid waste (BMSW) and food waste (FW) with high energy density are ready to tap renewable resources for industrial scale ethanol refinery foreseen for establishing bio-based society. Circular economy has occupied limelight in the domain of renewable energy and sustainable chemicals production. The present review highlights the importance of BMSW/FW as newer feed reserves that can cater as parent molecules for an array of high-visibility industrial products along with bioethanol upon implementing a judicious closed-cascade mass-flow mechanism enabling ultimate feed and waste stream valorisation. Though these organics are attractive resources their true potential for energy production has not been quantified yet owing to their heterogeneous composition and associated technical challenges thus pushing waste refinery and industrial symbiosis concepts to backseat. To accelerate this industrial vision, the novel bioprocessing strategies for enhanced and low-cost production of bioethanol from BMSW/FW along with other commercially imperative product portfolio have been discussed. © 2022 Elsevier Ltd