EXHIBIT 21

SUBSIDIARIES (WHOLLY-OWNED) OF THE COMPANY

     1. DynaMotive Corporation - incorporated in Rhode Island, USA - June 29,
        1990

     2. DynaMotive Electrochem Corporation - incorporated in the Province of
        British Columbia - April 27, 1993

     3. DynaMill Systems, Ltd. - incorporated in the Province of British
        Columbia - June 12, 1996

     4. DynaMotive Europe Limited - incorporated in the United Kingdom -
        August 30, 1996

     5. DynaMotive Puerto Rico, Inc. - incorporated in Puerto Rico -
        February 18, 1997

     6. DynaPower, Inc. - incorporated in the Province of British Columbia -
        May 9, 2000

     7. DynaMotive Canada, Inc. - incorporated in Canada - November 16, 2000