Conversion of biomass to bioenergy is one of the approaches to creating a sustainable society. In this study, the life cycle assessment and the net energy analysis of converting mixed sewage sludge and beverage waste into bioenergy via a combined hydrothermal liquefaction-anaerobic digestion (HTL-AD) system was carried out. Primary sludge (PS), winery rose lees (RL), brewery Trub (BT), the mixture of brewery trub and primary sludge (BTPS) and the mixture of winery rose lees and primary sludge (RLPS) were the feedstocks considered. Efficient energy utilization [in form of net energy ratio (NER)], and environmental emissions were evaluated. The NER of BT (2.07) and RL (1.76) increased when mixed with PS (3.18) to produce BTPS (3.20) and RLPS (2.85). Also, the HTL phase of the combined HTL-AD system produced a greater energy efficiency than the AD phase in BT, BTPS, and PS and vice-versa in RL and RLPS. Six environmental impact categories were studied namely global warming, terrestrial acidification, ionizing radiation, terrestrial ecotoxicity, human carcinogenic toxicity, and human non-carcinogenic toxicity with RL producing the greatest impact and BTPS producing the least, thus indicating the advantage of a combined feedstock process. This study shows that the combination of feedstock for bioenergy production in an HTL-AD systems does not only increase the quality and quantity of products but also increases the overall NER as well as the reduction of environmental impacts. The study also proved that the integrated HTL-AD system resulted in a greater efficient energy and resource utilization and a lesser environmental footprint than the individual HTL and AD systems.