EXHIBIT 21.1

HEXION SPECIALTY CHEMICALS, INC.

SUBSIDIARIES AS OF DECEMBER 31, 2005

Subsidiary	Jurisdiction of Organization
Alba Adesivos Industria E Comercio Ltda.	Brazil
Alisa S.A.	Colombia
Asia Dekor Borden (Heyuan) Chemical Company Limited	China
Asia Dekor Borden (Hong Kong) Chemical Company	Hong Kong
Bakelite Polymers U.K. Ltd.	UK
BDS Two, Inc.	Delaware
Bexley Finance S.A.	Panama
Borden Chemical Foundry, Inc.	Delaware
Borden Chemical Holdings (Caojing) Limited	Hong Kong
Borden Chemical Holdings (Heyuan) Limited	Hong Kong
Borden Chemical Holdings (Panama) S.A.	Panama
Borden Chemical International, Inc.	Delaware
Borden Chemical Investments, Inc.	Delaware
Borden Chemical Philippines, Inc.	Philippines
Borden Chemical Resinas, Panama, S.R.L.	Panama
Borden Industrial Resins Trading (Shanghai) Co., Ltd.	China
Borden International Holdings Limited	UK
Borden Luxembourg S.a r.l.	Luxembourg
Borden UV Coatings (Shanghai) Co., Ltd.	China
Borden UV Coatings Holdings (Shanghai) Limited	Hong Kong
Fujian Nanping Lawter International Co., Ltd.	China
HA-International, LLC	Delaware
Hattrick (Barbados) Finco SRL	Barbados
Hexion CI Holding Company (China) LLC	Delaware
Hexion Nova Scotia Finance, ULC	Nova Scotia, Canada
Hexion Quimica Industria e Comercio Ltda.1	Brazil
Compania Quimica Borden S.A.	Panama
Hexion Specialty Chemicals S.A.2	France
Hexion Specialty Chemicals Pty Ltd	Australia
Hexion Specialty Chemicals Somersby Pty Ltd.	Australia
Hexion Specialty Chemicals S.r.l.	Italy
Hexion Specialty Chemicals Sdn. Bhd.	Malaysia
Hexion Specialty Chemicals B.V.	The Netherlands
Hexion Specialty Chemicals BVBA3	Belgium
Hexion Specialty Chemicals Canada, Inc.	Canada
Hexion Specialty Chemicals GmbH4	Germany
Hexion Specialty Chemicals Hamburg GmbH	Germany
Hexion Specialty Chemicals Holdings (China) Limited5	Hong Kong
Hexion Specialty Chemicals Iberica, S.A.6	Spain
Hexion Specialty Chemicals Italia S.p.A.7	Italy
Hexion Specialty Chemicals Japan K.K.8	Japan

1 Formerly Borden Quimica Industria e Comercio Ltda.

2 Formerly Borden Chimie S.A.

3 Formerly Lawter International BVBA

4 Formerly Bakelite Aktiengesellschaft

5 Formerly Borden Chemical Holdings (China) Limited

6 Formerly Bakelite Iberica, S.A.

7 Bakelite Italia S.p.A.

8 Formerly Resolution Japan K.K.

Subsidiary	Jurisdiction
Hexion Specialty Chemicals Korea Company Limited9	Korea
Hexion Specialty Chemicals Oy10	Finland
Hexion Specialty Chemicals Pardubice S.r.o.11	Finland
Resolution Research Belgium SA	Belgium
Hexion Specialty Chemicals SG.Petani SDN. BHD.	Malaysia
Hexion Specialty Chemicals Singapore Pte. Ltd.	Singapore
Hexion Specialty Chemicals Stanlow Limited	UK
Hexion Specialty Chemicals Stuttgart GmbH12	Germany
Hexion Specialty Chemicals Sweden AB	Sweden
Hexion Specialty Chemicals UK Limited	UK
Resolution Specialty Chemacryl, a.s.	Czech Republic
Hexion U.S. Finance Corp.	Delaware
Hexion Specialty Chemicals Barbastro S.A.13	Spain
Hexion Specialty Chemicals Wesseling GmbH14	Germany
HSC Capital Corporation15	Delaware
J E Ridnell Pty. Ltd.	Australia
Jiangsu Funing Eastman International Co. Ltd.	China
Lawter (Tianjin) Chemical Co., Ltd.	China
Lawter International Inc.	Delaware
National Borden Chemical Germany GmbH.	Germany
Oilfield Technology Group, Inc.	Delaware
Resolution Holdings B.V.	The Netherlands
Resolution Italia S.R.L.16	Italy
Resolution Research Nederland B.V.	The Netherlands
Resolution Specialty Materials Rotterdam B.V.	The Netherlands
Resolution Specialty Materials Sweden Holdings AB	Sweden
Resolution Specialty Europe B.V.	The Netherlands
Servicios Factoria Barbastro, S.A.	Spain

9 Formerly Bakelite Korea Co., Ltd.

10 Formerly Bakelite OY

11 Formerly Bakelite S.r.o.

12 Formerly MGS Kunstharzprodukte GmbH

13 Formerly Resolution Iberica Performance Products S.A.

14 Formerly Resolution Deutschland GmbH

15 Formerly Resolution Performance Capital Corporation

16 Resolution Italia S.R.L. is being dissolved

2

Subsidiary	Jurisdiction of Organization
RSM Europe B.V.	The Netherlands
Resolution Specialty Materials Canada, Inc.9	New Brunswick, Canada
Resolution Specialty Materials Rotterdam B.V.	The Netherlands
Resolution Specialty Materials Chemacryl a.s.	Czech Republic
Resolution Specialty Materials Italy S.r.l.	Italy
Resolution Specialty Materials Germany GmbH	Germany
Resolution Specialty Materials Mexico S.de R.L.de C.V.	Mexico
Lawter International BVBA	Belgium
Resolution Specialty Materials Sweden Holdings AB	Sweden
Resolution Specialty Materials Sweden AB	Sweden

⁹ Resolution Specialty Materials Canada, Inc. is being dissolved.