Exhibit 21  INTERNATIONAL SPECIALTY HOLDINGS INC. Subsidiaries of Registrant  State or Country ofCompany
  Name
  
  Incorporation or OrganizationArramara
  Teoranta -*
  
  
  IrelandBluehall
  Incorporated
  
  
  DelawareChemfields
  Pharmaceuticals Private Limited -*
  
  
  IndiaInternational
  Specialty Products Funding Corporation
  
  
  DelawareInternational
  Specialty Products ISP (France) S.A.
  
  
  FranceISP Acetylene
  GmbH
  
  
  GermanyISP
  Administration Inc.
  
  
  DelawareISP Alginates
  Inc.
  
  
  DelawareISP Alginates
  (U.K.) Ltd.
  
  
  United KingdomISP Andina, C.A.
  
  
  VenezuelaISP Argentina
  S.A.
  
  
  ArgentinaISP Asia Pacific
  Pte Ltd.
  
  
  SingaporeISP
  (Australasia) Pte Ltd.
  
  
  AustraliaISP (Belgium)
  N.V.
  
  
  BelgiumISP (Belgium)
  International N.V.
  
  
  BelgiumISP Biochema Schwaben
  GmbH
  
  
  GermanyISP do Brasil
  Ltda.
  
  
  BrazilISP (Canada)
  Inc.
  
  
  CanadaISP Capital Inc.
  
  
  DelawareISP Ceska
  Republika Spol, S.R.O.
  
  
  Czech. Rep.ISP Chemco Inc.
  
  
  DelawareISP Chemical
  Products Inc.
  
  
  DelawareISP Chemicals
  Inc.
  
  
  DelawareISP Chemicals
  LLC
  
  
  DelawareISP Chemicals
  (Malaysia) Sdn. Bhd.
  
  
  MalaysiaISP Colombia
  Ltda.
  
  
  ColombiaISP Customer
  Service GmbH
  
  
  GermanyISP
  Environmental Services Inc.
  
  
  DelawareISP Freetown
  Fine Chemicals Inc.
  
  
  DelawareISP Freight
  Service N.V.
  
  
  BelgiumISP Food
  Specialties (Mexico), S.A. de C.V.
  
  
  MexicoISP Food
  Specialties (U.K.) Ltd.
  
  
  United KingdomISP Funding
  Corp. II
  
  
  DelawareISP Global
  Operations (Barbados) Inc.
  
  
  BarbadosISP Global
  Technologies Inc.
  
  
  DelawareISP Global Technologies
  LLC
  
  
  DelawareISP Global
  Technologies Deutschland GmbH
  
  
  GermanyISP Global
  Technologies DeutschlandUnterstutzungskasse GmbH
  
  
  GermanyISP Global
  Technologies (Germany) Holding GmbH
  
  
  GermanyISP Granules
  Inc.
  
  
  DelawareISP Granule
  Products LLC
  
  
  DelawareISP (Great
  Britain) Co. Ltd.
  
  
  United KingdomISP GT Inc.
  
  
  DelawareISP HC Limited
  
  
  CyprusISP Holdings
  (U.K.) Ltd.
  
  
  United KingdomISP (Hong Kong)
  Limited
  
  
  Hong KongISP Hungary
  Holdings Limited
  
  
  HungaryISP
  International Corp.
  
  
  DelawareISP Investco LLC
  
  
  Delaware


State or Country ofCompany
  Name
  
  Incorporation or OrganizationISP Investments
  Inc.
  
  
  DelawareISP Investments
  LLC
  
  
  DelawareISP Ireland
  
  
  IrelandISP (Italia)
  S.r.l.
  
  
  ItalyISP (Japan) Ltd.
  
  
  JapanISP (Korea)
  Limited
  
  
  KoreaISP Lima LLC
  
  
  DelawareISP Management
  Company, Inc.
  
  
  DelawareISP Management
  LLC
  
  
  DelawareISP Marl
  Holdings GmbH
  
  
  GermanyISP Marl GmbH
  
  
  GermanyISP Mexico, S.A.
  de C.V.
  
  
  MexicoISP Microcaps
  (U.K.) Ltd.
  
  
  United KingdomISP Microcaps
  (U.S.) LLC
  
  
  DelawareISP Minerals
  Inc.
  
  
  DelawareISP Minerals LLC
  
  
  DelawareISP Mineral
  Products Inc.
  
  
  DelawareISP (Norden)
  A.B.
  
  
  SwedenISP (Osterreich)
  Ges.m.b.h.
  
  
  AustriaISP Pharma
  Systems LLC
  
  
  DelawareISP (Polska)
  Sp.z. o.p.
  
  
  PolandISP (Puerto
  Rico) Inc.
  
  
  DelawareISP Real Estate
  Company, Inc.
  
  
  DelawareISP Realty
  Corporation
  
  
  DelawareISP Sales
  (Barbados) Inc.
  
  
  BarbadosISP Sales (U.K.)
  Limited
  
  
  IrelandISP (Shanghai)
  Co. Limited
  
  
  ChinaISP (Singapore)
  Pte Ltd.
  
  
  SingaporeISP
  (Switzerland) A.G.
  
  
  SwitzerlandISP Synthetic
  Elastomers LP
  
  
  DelawareISP Synthetic GP
  LLC
  
  
  DelawareISP Synthetic
  Limited LLC
  
  
  DelawareISP Technologies
  Inc.
  
  
  DelawareISP Technologies
  LLC
  
  
  DelawareISP Tech (Texas)
  Inc.
  
  
  DelawareISP (Thailand)
  Co., Ltd.
  
  
  ThailandISP Water
  Administration Solutions LLC
  
  
  DelawareISP Water
  Management Services LLC
  
  
  DelawareKelp Industries
  Pty. Ltd. -*
  
  
  TasmaniaQuality Fine
  Chemicals LLC
  
  
  DelawareThorverk Hf -*
  
  
  IcelandVerona Inc.
  
  
  Delaware  
 *- owns less than 100%