In combined cycle power plants (CCPPs), the bypass butterfly valve is a key component to facilitate regulation of exhaust gas energy available at the turbine and to not produce too much boost pressure. The conventional damper valve causes leakage, back flow into the turbine, and damage of the blade, and the existing dual-layered seal with polytetrafluoroethylene (PTFE) and metal should be frequently replaced owing to its low durability and deterioration of mechanical properties under a high temperature. This study devised a triple offset butterfly valve with a new type of seal by alternatively laminating stainless steel and graphite to improve valve performance at the high temperature (350 °C). The slope angles of the seal contact surface to prevent friction were calculated using the mathematical models of the triple offset. Thermal-structure coupled analyses by varying the number of graphite and thickness were conducted, and the seven-layer model with the graphite thickness of 0.8 mm, which shows airtightness and smooth operation, was chosen. The contact stresses behaviors of the graphite at 350 °C and at −196 °C were investigated, and it was found that the graphite is in charge of improving driving performance of the disc at the high temperature and sealing performance at the cryogenic temperature. The performance tests and the field tests of the suggested model verified its performance at the working temperature.