EXHIBIT 21
LIST OF SUBSIDIARIES
Subsidiaries of Ashland Inc. (“AI”) at September 30, 2010, included the companies listed below. Ashland has numerous unconsolidated affiliates, which are primarily accounted for on the equity method, and majority-owned consolidated subsidiaries in addition to the companies listed below. Such affiliates and subsidiaries are not listed below since they would not constitute a significant subsidiary considered in the aggregate as a single entity.
Company | Jurisdiction of Incorporation | Immediate Parent* |
Aqualon Company | Delaware | HI 99.4182% - WSP 0.5818% |
ARA Quimica S.A. | Brazil | ABL 50% - ARL 50% |
ASH GP LLC (“ASH GP”) | Delaware | AIHI |
ASH LP LLC (“ASH LP”) | Delaware | AIHI |
Ashland Brasil Ltda. (“ABL”) | Brazil | AHBV 99.9999% - AI 0.00001% |
Ashland Canada Corp. (“ACC”) | Nova Scotia, Canada | ACHBV |
Ashland Canada Holdings B.V. (“ACHBV”) | Netherlands | AHBV |
Ashland (Changzhou) Advanced Chemical Co., Ltd. | China | ACHC |
Ashland (China) Holdings Co., Ltd. (“ACHC”) | China | ACC |
Ashland Chemical Hispania, S.L. | Spain | AIHI |
Ashland Chimie France SAS (“ACF”) | France | AF |
Ashland Deutschland GmbH (“ADG”) | Germany | AIHI 62% - HH 37.4% - AI 0.6% |
Ashland-Especialidades Quimicas Ltda. | Brazil | AHBV 99.9999 - ABL 0.00001 |
Ashland Finland Oy | Finland | AHBV 51% - ACC 49% |
Ashland France SAS (“AF”) | France | AHBV |
Ashland Holdings B.V. (“AHBV”) | Netherlands | ATCV |
Ashland Industries Belgium BVBA (“AIBBV”) | Belgium | HH 99.999% - AINBV 0.001% |
Ashland Industries Deutschland GmbH (“AID”) | Germany | ADG |
Ashland Industries Europe GmbH (“AIEG”) | Switzerland | AINBV |
Ashland Industries Nederland B.V. (“AINBV”) | Netherlands | HINBV |
Ashland International Holdings, Inc. (“AIHI”) | Delaware | AI 96.46% - HI 3.54% |
Ashland Italia S.p.A. | Italy | AHBV |
Ashland Japan Co., Ltd. | Japan | AIHI |
Ashland Nederland B.V. | Netherlands | AHBV |
Ashland Polyester SAS | France | ACF |
Ashland Resinas Ltda. (“ARL”) | Brazil | ABL 99.9999% - AIHI 0.00001% |
Ashland Services B.V. | Netherlands | AHBV |
Ashland Sweden AB | Sweden | AHBV |
Ashland UK Limited | United Kingdom | AHBV |
Ashmont Insurance Company, Inc. | Vermont | AI |
AshOne C.V. (“AOCV”) | Netherlands | ASH LP 1% - AIHI 98% - ASH GP 1% |
AshTwo C.V. (“ATCV”) | Netherlands | AIHI 10% - AOCV 89% - ASH GP 1% |
AshThree LLC | Delaware | AI |
Beijing Tianshi Special Chemical Technique Co., Ltd. | China | ACHC |
CVG Capital II LLC | Delaware | AI |
Ever Success Overseas Limited (“ESOL”) | British Virgin Islands | AIEG |
Hercules Chemicals (Nanjing) Company Limited | China | ESOL |
Hercules do Brasil Produtos Quimicos Ltda. | Brazil | HI |
Hercules Doel BVBA (“HD”) | Belgium | AIBBV 99.8793% - AINBV 0.0002% - HHBV 0.1205% |
Hercules Europe BVBA | Belgium | HH 79.54% - AIBBV 8.76% - HD 11.7% |
Hercules Holding BV BVBA (“HH”) | Belgium | HINBV |
Hercules Incorporated (“HI”) | Delaware | AI |
Hercules International Trade Corporate Limited | Bahamas | HI 96% - HPH 4% |
Hercules Investment ApS | Denmark | HH |
Hercules Investments Netherlands B.V. (“HINBV”) | Netherlands | HIS |
Hercules Investments Sarl (“HIS”) | Luxembourg | HI |
Hercules Paper Holdings, Inc. (“HPH”) | Delaware | HI |
Hercules Tianpu Chemicals Company Limited (JV) | China | ESOL 40% |
Iberia Ashland Chemical S. A. | Spain | AIHI |
Valvoline (Australia) Pty. Limited | Australia | AHBV |
Valvoline (Deutschland) GmbH & Co. Kg | Germany | ADG 99.9% - AID 0.1% |
Valvoline International, Inc | United States | AIHI |
WSP, Inc. (“WSP”) | Delaware | HI |
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*100% of the voting securities are owned by the immediate parent except as otherwise indicated.