Exhibit 21.1
Subsidiaries of the Registrant
As of December 31, 2017
| Subsidiary | Jurisdiction | % Owned | |||
| Borden Chemical Holdings (Panama) S.A. | Panama | 100 | % | ||
| Borden Chemical UK Limited | UK | 100 | % | ||
| Borden International Holdings Limited | UK | 100 | % | ||
| Borden Luxembourg S.a r.l. | Luxembourg | 100 | % | ||
| Hexion (Caojing) Limited | Hong Kong | 100 | % | ||
| Hexion (N.Z.) Limited | New Zealand | 100 | % | ||
| Hexion Australia Finance Pty Ltd | Australia | 100 | % | ||
| Hexion Australia General Partner Pty Ltd | Australia | 100 | % | ||
| Hexion Australia Limited Partnership | Australia | 100 | % | ||
| Hexion B.V. | Netherlands | 100 | % | ||
| Hexion Brazil Coöperatief U.A. | Netherlands | 100 | % | ||
| Hexion Canada Inc. | Canada | 100 | % | ||
| Hexion CI Holding Company (China) LLC | Delaware | 100 | % | ||
| Hexion Europe B.V. | Netherlands | 100 | % | ||
| Hexion Forest Products GmbH | Germany | 100 | % | ||
| Hexion GmbH | Germany | 100 | % | ||
| Hexion Holding B.V. | Netherlands | 100 | % | ||
| Hexion Holdings (China) Limited | Hong Kong | 100 | % | ||
| Hexion Industria e Comercio de Epoxi Ltda. | Brazil | 100 | % | ||
| Hexion International Coöperatief U.A. | Netherlands | 100 | % | ||
| Hexion International Inc. | Delaware | 100 | % | ||
| Hexion Investments Inc. | Delaware | 100 | % | ||
| Hexion Italia S.r.l. | Italy | 100 | % | ||
| Hexion Korea Company Limited | Korea | 100 | % | ||
| Hexion Management (Shanghai) Co., Ltd. | China | 100 | % | ||
| Hexion Moerdijk Lease B.V. | Netherlands | 100 | % | ||
| Hexion Nova Scotia Finance, ULC | Nova Scotia, Canada | 100 | % | ||
| Hexion Ontario Inc. | Ontario | 100 | % | ||
| Hexion Oy | Finland | 100 | % | ||
| Subsidiary | Jurisdiction | % Owned | |||
| Hexion Pernis Lease B.V. | Netherlands | 100 | % | ||
| Hexion Pty Ltd | Australia | 100 | % | ||
| Hexion Quimica do Brasil Ltda. | Brazil | 100 | % | ||
| Hexion Quimica S. A. | Panama | 100 | % | ||
| Hexion Research Belgium SA | Belgium | 100 | % | ||
| Hexion SarL | France | 100 | % | ||
| Hexion Shanxi Holdings Limited | Hong Kong | 100 | % | ||
| Hexion Singapore Pte. Ltd. | Singapore | 100 | % | ||
| Hexion Specialty Chemicals (Mumbai) Private Limited | India | 100 | % | ||
| Hexion Specialty Chemicals Barbastro S.A. | Spain | 100 | % | ||
| Hexion Specialty Chemicals Iberica S.A. | Spain | 100 | % | ||
| Hexion Specialty Chemicals Lda. | Portugal | 100 | % | ||
| Hexion Stanlow Limited | UK | 100 | % | ||
| Hexion Stuttgart GmbH | Germany | 100 | % | ||
| Hexion UK Limited | UK | 100 | % | ||
| Hexion UV Coatings (Shanghai) Limited | Hong Kong | 100 | % | ||
| Hexion VAD BV | Netherlands | 100 | % | ||
| InfraTec Duisburg GmbH | Germany | 70 | % | ||
| Lawter International Inc. | Delaware | 100 | % | ||
| Momentive Union Specialty Chemicals Limited | Hong Kong | 100 | % | ||
| Momentive UV Coatings (Shanghai) Co., Ltd. | China | 49.99 | % | ||
| National Borden Chemical Germany GmbH | Germany | 100 | % | ||
| NL Coop Holdings LLC | Delaware | 100 | % | ||
| PT Hexion Lestari Nusantara | Indonesia | 100 | % | ||
| Resolution Research Nederland B.V. | Netherlands | 100 | % | ||
| Zhenjiang Momentive Union Specialty Chemicals Ltd. | China | 100 | % | ||