Plastic waste poses a serious environmental risk, but it can be recycled to produce a variety of nanomaterials for water treatment. In this study, poly(ethylene terephthalate) (PET) waste and acid mine drainage were used in the preparation of magnetic mesoporous carbon (MMC) nanocomposites for the adsorptive removal of pharmaceuticals and personal care products (PPCPs) from water samples. The latter were then characterized using Fourier transform infrared (FTIR) spectroscopy, X-ray diffraction (XRD), scanning electron microscopy with energy-dispersive X-ray spectroscopy (SEM-EDX), transmission electron microscopy (TEM), Brunauer-Emmett-Teller (BET), and ζ potential. The results of Brunauer-Emmett-Teller isotherms revealed high specific surface areas of 404, 664, and 936 m2/g with corresponding pore sizes 2.51, 2.28, and 2.26 nm for MMC, MMAC-25%, and MMAC-50% adsorbents, respectively. Under optimized conditions, the equilibrium studies were best described by the Langmuir and Freundlich models and kinetics by the pseudo-second-order model. The maximum adsorption capacity for monolayer adsorption from the Langmuir model was 112, 102, and 106 mg/g for acetaminophen, caffeine, and carbamazepine, respectively. The composites could be reused for up to six cycles without losing their adsorption efficiency. Furthermore, prepared adsorbents were used to remove acetaminophen, caffeine, and carbamazepine from wastewater samples, and up to a 95% removal efficiency was attained.