Until today, there are still many problems that must be solved through innovative research to make the recycling of spent lead-acid batteries and the separation of Pb-Sb alloy more environmentally friendly and energy-saving. In this paper, a novel method for regenerating lead paste, by vacuum reduction reaction coupling with separation of Pb-Sb alloy, was developed. In this process, antimony from Pb-Sb alloy is used to reduce desulfurized lead paste into lead under vacuum, while it is oxidized into volatile Sb2O3 as by-product. The results showed that direct recovery ratio of Pb from desulfurized lead paste reached 99.29% and Sb-content in Pb-Sb alloy decreased from 46% to 0.98% under following conditions: the mass ratio of desulfurized lead paste to Pb-Sb alloy of 1.50, residual gas pressure of 30 Pa, reduction temperature of 810 degrees C for 50 min. By this method, not only the lead paste can be recovered with high atom economy, but also the Pb-Sb alloy can be separated efficiently at zero cost and without "three wastes" generation. Therefore, this method is very useful for the recycling of spent lead-acid battery and the separation of Pb-Sb alloy. (C) 2019 Published by Elsevier Ltd.