NOVELTY - Processing waste material, comprises: separating organic and inorganic waste components from the waste material; preparing an organic slurry containing waste water, oil/grease and organic material from the separated organic waste component, and separating the waste water, oil/grease and organic material from the organic slurry.    USE - The method is useful for processing waste material (such as municipal solid waste material and raw feedstock waste grease including fryer grease, trap grease, and food processing residuals including dissolved air flotation sludge) (all claimed) into renewable fuels, animal feed additives, raw materials for cosmetics, and nutrient filled organic fertilizers and/or fertilizers/composts.    ADVANTAGE - The method is capable of processing waste material into useful products in an efficient and economical manner.    DETAILED DESCRIPTION - Processing waste material, comprises: separating organic and inorganic waste components from the waste material; preparing an organic slurry containing waste water, oil/grease and organic material from the separated organic waste component, and separating the waste water, oil/grease and organic material from the organic slurry; or screening the waste material to separate recyclable components and contaminants from the waste material, subjecting the screened recyclable components to a first separation treatment by which organic components are separated from inorganic components and formed into an organic slurry containing waste water, oil and organic material, storing the organic slurry in a storing unit, and subjecting the stored organic slurry to a second separation treatment outside of the storing unit to separate the waste water, oil/grease and organic material in the organic slurry from one another. INDEPENDENT CLAIMS are included for:    (1) a system for processing waste material, comprising a first separating device that separates organic and inorganic waste components from the waste material and forms the organic waste component into an organic slurry containing waste water, oil and organic material, and a second separating device that separates the organic slurry into the waste water, oil and organic material; and    (2) a system-II comprising a centralized storing unit that receives (a) an organic slurry prepared from organic components contained in municipal solid waste (2) or source separated organic waste and (b) raw feedstock waste grease, and a separation device that receives the organic slurry and raw feedstock waste grease stored in the centralized storing unit and that separates waste water, oil/grease and organic material contained in the organic slurry and raw feedstock waste grease from one another.    DESCRIPTION OF DRAWING(S) - The figure shows a schematic view of a method for processing waste material.    Transfer station (1)    Municipal solid waste (2)    Organic separation process (3)    Slurry type product (4)    Separation treatment. (8)