EXHIBIT 21
LIST OF SUBSIDIARIES
Subsidiaries of Ashland Inc. (“Ashland”) at September 30, 2025, included the companies listed below.
Company |
|
Jurisdiction of Incorporation |
565 Corporation |
|
Delaware |
Ash GH One Inc. |
|
Delaware |
Ash GH Switzerland GmbH |
|
Switzerland |
ASH GP INC. |
|
Delaware |
Ash Junior Global Holding One LLC |
|
Delaware |
Ash Junior Global Holding Two LLC |
|
Delaware |
Ash Swiss Holding Two GmbH |
|
Switzerland |
Ashland (Australasia) Pty. Limited |
|
Australia |
Ashland (China) Holdings Co., Ltd. |
|
China, Peoples Republic of |
Ashland (Gibraltar) One Holding, Inc. |
|
Delaware |
Ashland (Thailand) Co., Ltd |
|
Thailand |
Ashland Argentina S.R.L. |
|
Argentina |
Ashland Canada Corp./Corporation Ashland Canada |
|
Province of Nova Scotia |
Ashland Canada Holdings B.V. |
|
Netherlands |
Ashland Chemical De Mexico S.A. De C.V. |
|
Mexico |
Ashland Chemical Trading (Shanghai) Company Limited |
|
China, Peoples Republic of |
Ashland Chemicals (Nanjing) Company Limited |
|
China, Peoples Republic of |
Ashland Colombia S.A.S. |
|
Colombia |
Ashland Comercio de Especialidades Quimicas do Brasil Ltda. |
|
Brazil |
Ashland CZ s.r.o. |
|
Czech Republic |
Ashland Ethanol, Inc. |
|
Delaware |
Ashland Inc. |
|
Delaware |
Ashland India Private Limited |
|
India |
Ashland Industria de Ingredientes do Brasil Ltda. |
|
Brazil |
Ashland Industries Deutschland GmbH |
|
Germany |
Ashland Industries Europe GmbH |
|
Switzerland |
Ashland Industries France SAS |
|
France |
Ashland Industries Italia S.r.l. |
|
Italy |
Ashland Industries Nederland B.V. |
|
Netherlands |
Ashland Ingredients Poland Sp. z.o.o. |
|
Poland |
Ashland International Receivables DAC |
|
Ireland |
Ashland Italia S.r.l. |
|
Italy |
Ashland Japan Ltd. |
|
Japan |
Ashland Licensing and Intellectual Property LLC |
|
Delaware |
Ashland Nigeria Exploration Unlimited |
|
Nigeria |
Ashland Oil (Nigeria) Company Unlimited |
|
Nigeria |
Ashland Oil, Inc. |
|
Kentucky |