With the accelerated development of urbanization, waste disposal has become a tough problem. If waste cannot be disposed properly, it will lead to environment pollution and waste of resources. Since the energy utilization of the Waste Processing Base (WPB) has not been considered thoroughly, optimal planning of the Multi-Energy Circular System (MECS) coupled with the WPB is studied in this paper. Based on a typical WPB, this paper adds Power to Gas (P2G) and energy storage equipment, and applies a bi-level optimization model to optimize energy utilization. The minimum of total annual cost is the objective of the upper model, whose decision variables are the capacity of each equipment. The minimum annual operating cost is the lower model’s objective whose decision variables are the control parameters of certain energy equipment. Finally, a practical WPB is used for the demonstration and simulation of the proposed planning scheme. The analysis of the simulation results indicates that the collaborative optimization of the MECS coupled with WPB is effective, and improves the benefits of energy, economy, and environment enormously.