Exhibit 21.1

Subsidiaries of the Registrant

As of December 31, 2009



|                                                    |  |                     |  |        
|--------------------------------------------------- |  | ------------------- |  | -------
|Subsidiary                                          |  | Jurisdiction        |  | % Owned
|Asia Dekor Borden (Heyuan) Chemical Company Limited |  | China               |  | 50%    
|Asia Dekor Borden (Heyuan) Chemical Company Limited |  | China               |  | 50%    
|Asia Dekor Borden (Hong Kong) Chemical Company      |  | Hong Kong           |  | 50%    
|Asia Dekor Borden (Hong Kong) Chemical Company      |  | Hong Kong           |  | 50%    
|Bakelite Polymers U.K. Ltd.                         |  | UK                  |  | 100%   
|Borden Chemical Foundry, LLC                        |  | Delaware            |  | 100%   
|Borden Chemical Holdings (Panama) S.A.              |  | Panama              |  | 100%   
|Borden Chemical International, Inc.                 |  | Delaware            |  | 100%   
|Borden Chemical Investments, Inc.                   |  | Delaware            |  | 100%   
|Borden Chemical UK Limited                          |  | UK                  |  | 100%   
|Borden International Holdings Limited               |  | UK                  |  | 100%   
|Borden Luxembourg S.a r.l.                          |  | Luxembourg          |  | 100%   
|Fengkai Hexion Specialty Chemicals Co. Ltd.         |  | China               |  | 70%    
|Fengkai Hexion Specialty Chemicals Co. Ltd.         |  | China               |  | 70%    
|Fujian Nanping Hexion Specialty Chemicals Co., Ltd. |  | China               |  | 100%   
|HA-International, LLC                               |  | Delaware            |  | 50%    
|HA-International, LLC                               |  | Delaware            |  | 50%    
|Hattrick (Barbados) Finco SRL                       |  | Barbados            |  | 100%   
|Hexion 2 U.S. Finance Corp.                         |  | Delaware            |  | 100%   
|Hexion CI Holding Company (China) LLC               |  | Delaware            |  | 100%   
|Hexion Fengkai Holdings Limited                     |  | Hong Kong           |  | 100%   
|Hexion IAR Holding (HK) Limited                     |  | Hong Kong           |  | 100%   
|Hexion Nanping Holdings Limited                     |  | Hong Kong           |  | 100%   
|Hexion Nova Scotia Finance, ULC                     |  | Nova Scotia, Canada |  | 100%   
|Hexion Quimica Argentina SA                         |  | Argentina           |  | 100%   
|Hexion Quimica Industria e Comercio Ltda.           |  | Brazil              |  | 100%   
|Hexion Quimica S.A.                                 |  | Panama              |  | 100%   
|Hexion Quimica Uruguay S/A                          |  | Uruguay             |  | 100%   
|Hexion Shchekinoazot Holding B.V.                   |  | Netherlands         |  | 50%    
|Hexion Shchekinoazot Holding B.V.                   |  | Netherlands         |  | 50%    
|Hexion Shchekinoazot OOO                            |  | Russia              |  | 50%    
|Hexion Shchekinoazot OOO                            |  | Russia              |  | 50%    
|Hexion Specialty Chemicals (Caojing) Limited        |  | Hong Kong           |  | 100%   
|Hexion Specialty Chemicals (Heyuan) Limited         |  | Hong Kong           |  | 100%   
|Hexion Specialty Chemicals (N.Z.) Limited           |  | New Zealand         |  | 100%   
|Hexion Specialty Chemicals Asua SL                  |  | Spain               |  | 100%   
|Hexion Specialty Chemicals B.V.                     |  | Netherlands         |  | 100%   
|Hexion Specialty Chemicals Barbastro S.A.           |  | Spain               |  | 100%   
|Hexion Specialty Chemicals BVBA                     |  | Belgium             |  | 100%   
|Hexion Specialty Chemicals Canada, Inc.             |  | Canada              |  | 100%   
|Hexion Specialty Chemicals Finance BV               |  | The Netherlands     |  | 100%   
|Hexion Specialty Chemicals Forest Products GmbH     |  | Germany             |  | 100%   
|Hexion Specialty Chemicals France SAS               |  | France              |  | 100%   
|Hexion Specialty Chemicals GmbH                     |  | Germany             |  | 100%   
|Hexion Specialty Chemicals Holding B.V.             |  | Netherlands         |  | 100%   
|Hexion Specialty Chemicals Holding Germany GmbH     |  | Germany             |  | 100%   
|Hexion Specialty Chemicals Holdings (China) Limited |  | Hong Kong           |  | 100%   
|Hexion Specialty Chemicals Iberica, S.A.            |  | Spain               |  | 100%   
|Hexion Specialty Chemicals Italia S.p.A.            |  | Italy               |  | 100%   
|Hexion Specialty Chemicals Korea Company Limited    |  | Korea               |  | 100%   
|Hexion Specialty Chemicals Lda.                     |  | Portugal            |  | 100%   
|Hexion Specialty Chemicals Leuna GmbH               |  | Germany             |  | 100%   
|Hexion Specialty Chemicals Luxembourg s.a.r.l.      |  | Luxembourg          |  | 100%   
|Hexion Specialty Chemicals Maastricht BV            |  | The Netherlands     |  | 100%   



---

|                                                           |  |                |  |        
|---------------------------------------------------------- |  | -------------- |  | -------
|Subsidiary                                                 |  | Jurisdiction   |  | % Owned
|Hexion Specialty Chemicals Management (Shanghai) Co., Ltd. |  | China          |  | 100%   
|Hexion Specialty Chemicals Oy                              |  | Finland        |  | 100%   
|Hexion Specialty Chemicals Pardubice S.r.o.                |  | Czech Republic |  | 100%   
|Hexion Specialty Chemicals Pty Ltd                         |  | Australia      |  | 100%   
|Hexion Specialty Chemicals Research Belgium SA             |  | Belgium        |  | 100%   
|Hexion Specialty Chemicals Rotterdam Ink B.V.              |  | Netherlands    |  | 100%   
|Hexion Specialty Chemicals S.A.                            |  | France         |  | 100%   
|Hexion Specialty Chemicals S.r.l.                          |  | Italy          |  | 100%   
|Hexion Specialty Chemicals Samusakorn Ltd.                 |  | Thailand       |  | 100%   
|Hexion Specialty Chemicals Sdn. Bhd.                       |  | Malaysia       |  | 100%   
|Hexion Specialty Chemicals SG.Petani SDN. BHD.             |  | Malaysia       |  | 100%   
|Hexion Specialty Chemicals Singapore Pte. Ltd.             |  | Singapore      |  | 100%   
|Hexion Specialty Chemicals Somersby Pty Ltd.               |  | Australia      |  | 100%   
|Hexion Specialty Chemicals Stanlow Limited                 |  | UK             |  | 100%   
|Hexion Specialty Chemicals Stuttgart GmbH                  |  | Germany        |  | 100%   
|Hexion Specialty Chemicals Sweden AB                       |  | Sweden         |  | 100%   
|Hexion Specialty Chemicals UK Limited                      |  | UK             |  | 100%   
|Hexion Specialty Chemicals Wesseling GmbH                  |  | Germany        |  | 100%   
|Hexion Specialty Chemicals, a.s.                           |  | Czech Republic |  | 100%   
|Hexion Specialty UV Coatings (Shanghai) Limited            |  | Hong Kong      |  | 100%   
|Hexion U.S. Finance Corp.                                  |  | Delaware       |  | 100%   
|Hexion UV Coatings (Shanghai) Co., Ltd.                    |  | China          |  | 49.99% 
|Hexion UV Coatings (Shanghai) Co., Ltd.                    |  | China          |  | 49.99% 
|HSC Capital Corporation                                    |  | Delaware       |  | 100%   
|InfraTec Duisburg GmbH                                     |  | Germany        |  | 70%    
|InfraTec Duisburg GmbH                                     |  | Germany        |  | 70%    
|International Pine Products SA                             |  | Argentina      |  | 100%   
|Jiangsu Funing Hexion Specialty Chemicals Co. Ltd.         |  | China          |  | 90%    
|Jiangsu Funing Hexion Specialty Chemicals Co. Ltd.         |  | China          |  | 90%    
|Lawter International Inc.                                  |  | Delaware       |  | 100%   
|National Borden Chemical Germany GmbH                      |  | Germany        |  | 100%   
|New Nimbus GmbH & Co Kg                                    |  | Germany        |  | 100%   
|Oilfield Technology Group, Inc.                            |  | Delaware       |  | 100%   
|Resolution Research Nederland B.V.                         |  | Netherlands    |  | 100%   
|Resolution Specialty Materials Rotterdam B.V.              |  | Netherlands    |  | 100%   
|Resolution Specialty Materials Sweden Holdings AB          |  | Sweden         |  | 100%   
|RSM Europe B.V.                                            |  | Netherlands    |  | 100%   
|Tianjin Hexion Specialty Chemicals Co., Ltd.               |  | China          |  | 100%