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



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|                                                       |  |                             
|------------------------------------------------------ |  | ----------------------------
|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                       
|                                                       | 
|ResolutionSpecialty 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                      
|                                                       | 
|ResolutionSpecialty Materials Sweden AB                |  | Sweden                      

---

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