Archaeological waterlogged woods found under the sea, in lakes, or in swamp environments are generally weak and fragile. If waterlogged wood materials were taken out of the water and left without modification, they would collapse and lose their original dimensions completely. Conservation is performed to replace the water with chemical agents and to give dimensional stabilization and durability. EDTA and PEG are the most commonly used in the preservation of wood. pH control-precipitation method is used for recovery of EDTA from waste fluid of archeological waterlogged wood conservation treatment. The black substance is eliminated from wood as Fe-EDTA complex are formed and EDTA is separated and precipitated from Fe-EDTA complexes at pH 2.68 or less. The result of analysis of the precipitated products and the commercial EDTA by FT-IR and FE-SEM showed that precipitated product by pH adjusted was not a type of Fe-EDTA complex, but pure EDTA. Waste fluid produced in PEG treatment shows the black color and has an offensive odor by organic matter extracted from wood. Color of waste fluid is decolored with oxidation reaction by peroxy hydrate. In FT-IR and SEM-EDX of PEG after freeze-drying process, no significant change of functional groups induced from oxidation is observed, and any metal ion does not exist in the solid PEG specimen. The molecular weight of PEG is measured using GPC and viscometry. Properties of PEG before and after preservation treatment, and after oxidation with $H_2O_2$ were not changed. Consequently, the peroxidation with $H_2O_2$ is a reasonable and simple method to decolor the used PEG solution.