Mineral carbonation, the return technology of Carbon dioxide into the Nature as a generating source, has been studied by advanced countries. Industrial by-products can be used as economical resource for mineral carbonation. This study is intended as an investigation of effluent recycling of liquid carbonation with carbon dioxide fixation using industrial by-products. The nitrogen and carbon dioxide was used by mixing the same as the exhaust gas concentration 15vol%. Carbon dioxide absorbent was used as Mono Ethanol Amine (MEA) concentration of 5~30wt% and then concentration of carbon dioxide absorption were analyzed. After carbonation reaction, Concentration of dissolved inorganic cations and conversion of carbonation were analyzed by ion chromatography, thermogravimetric, x-ray diffraction, scanning electron microscope(SEM). Effluent was recycled MEA and water using RO system. These results Confirmed potential of CO2 reduction and Utilization of carbonation using industrial by-products.