Abstract: A dewaxing device and a method of recycling chemical solvent used by the dewaxing device are shown. The dewaxing device includes a dewaxing system and a recycling system. The dewaxing system includes a rinsing device and a storage device connected with the rinsing device via a circulation pipe. The recycling system includes a cooling equipment connected with the storage device for cooling mixed solution with wax from the storage device to precipitate wax out of the mixed solution, a filter equipment connected with the cooling equipment for filtering out the precipitated wax, and a recycling trough connected between the filter equipment and the storage device for containing the filtered solution passing through the filter equipment and further conveying the filtered solution back into the storage device to be reused.