Within the context of the new circular model for wastewater treatment aimed at achieving zero waste, this research seeks an alternative to landfill disposal of waste screenings. It examines the feasibility of thermochemical processes—combustion and gasification—for the valorisation of solid recovered fuel (SRF) derived from screening wastes, which are the only waste in wastewater treatment plants (WWTPs) that typically have an absence of existing recycling or valorisation processes. Laboratory-scale experiments assessed the technical viability of gasification, and energy balances were calculated for both combustion and the syngas obtained from gasification experiments. Results indicate that both processes are feasible for SRF valorisation. Combustion demonstrated the highest energy efficiency, yielding up to 1.6 MJ per kg of raw SRF, compared to gasification’s maximum of 1.4 MJ. The moisture content in SRF feedstock influences both processes, underscoring the need to optimise moisture levels. Additionally, combustion showed a higher conversion efficiency due to the complete oxidation of the feedstock, whereas gasification produced valuable syngas that can be further utilised for energy production or as a chemical feedstock. The study concludes that, from a purely energetic perspective, combustion is the most efficient process for SRF valorisation. However, gasification offers significant environmental and sustainability advantages, including lower greenhouse gas emissions and the potential for integrating with renewable energy systems, making it a more attractive option for long-term sustainability goals.