A regenerative burner for an industrial furnace and a combustion method by the burner are provided to minimize production harmful substances by maximizing combustion efficiency, to prevent breakage by a superheat while increasing heat exchange efficiency of exhaust gas, and to maximize working efficiency by minimizing working distance for conversion. In a regenerative burner for an industrial furnace, an air supply pipe(22) supplying pilot air and a fuel supply pipe(24) supplying fuel are installed in the center of a body(20) made of a thermal-resisting material in a state of extending to an injection hole(21). The body is isometrically divided by partitions and thermal storage members(30) are received in the bodies divided. Partition space parts each having a through hole are formed to the front of the bodies, and fixed plates(50) each having a guide hole communicating with the partition space part are installed to the rear of the bodies. A control plate having control holes at positions corresponding to the guide holes is installed to the fixed plate in a close contact state. A passage for supply of air and a passage for exhaust of exhaust gas are alternately converted through the control holes of the control plates and the guide holes of the fixed plates while the rotation of the control plates is controlled through connected drive by a driving motor(M). A front control plate(70) having control holes at positions corresponding to the guide hole of the fixed plate is formed to the inside of the fixed plate. A rear control plate(80) is installed to the rear of the front control plate to constitute an exhaust space part(55) with an exhaust port(56). The control plate is formed by connecting connection pipes communicating with an supply port(27) and the control holes alternately situated. The control plate is integrally rotated by a driving gear(87) of the driving motor engaging with a gear part(85) installed to the inside of the rear control plate.
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