The invention discloses a low 
power consumption CO cryogenic 
separation system. The low 
power consumption CO cryogenic 
separation system comprises a decarburizing gas purification unit, a cryogenic separation unit, a PSA 
hydrogen production unit, a parse 
gas compressor unit and a recycle compressor unit. The invention further discloses a 
separation method of the low 
power consumption CO cryogenic 
separation system. The 
separation method has the process steps of decarburizing gas purification, condensing and separating 
dehydrogenation, operation of a rectifying 
tower, operation of a recycle compressor, PSA 
hydrogen production and operation of a parse 
gas compressor. The low power consumption CO cryogenic separation 
system and the 
separation method of the low power consumption CO cryogenic separation 
system have the beneficial effects that 
hydrogen-rich 
tail gas or purifying gas is adopted to serve as resurgent gas, and it is guaranteed that parse gas of the PSA 
hydrogen production unit does not contain water or CO2; by independently arranging a parse gas heat exchanging channel and a low temperature separator, the power consumption of the parse 
gas compressor is substantially lowered; a 
nitrogen gas recycle compressor is adopted for replacing a CO recycle compressor low in efficiency, the power consumption of the recycle compressor is lowered, the starting time of the device can also be shortened, and the venting amount in the starting stage is reduced; and the 
energy consumption is low, starting is fast, investment is saved, the emission is little, and good 
economic benefits and environment protection benefits are achieved.