Exhibit 21.1

SUBSIDIARIES OF THE REGISTRANT

The chart below lists all subsidiaries of Arizona Chemical Ltd. following the dissolution of AZ Chem Luxembourg Holdings S.à r.l., which will occur prior to the completion of this offering. An indentation indicates a parent subsidiary relationship. Listed subsidiaries are wholly owned by their respective parents, which are indicated in the immediately preceding level of indentation, unless otherwise noted.


Name of Subsidiary¹		Country or State of Incorporation
Arizona Chemical Luxembourg S.à.r.l.		Luxembourg
Arizona Chem Sweden Holdings AB		Sweden
AZ Chem US Holdings Inc.		Delaware
AZ Chem US Inc.		Delaware
Arizona Chemical Company, LLC		Delaware
Arizona Chemical S. De R.L. de C.V.²		Mexico
AZCHEM SERVICES S DE RL DE CV³		Mexico
Arizona Chemical Asia Limited		Hong Kong
Arizona Chemical Asia, Ltd. – Singapore Branch		Singapore
Arizona Arboris, Inc.		Delaware
Arboris, LLC⁴		Delaware
Arizona Chemical Aktiebolag		Sweden
Arizona Chemical AB – Shanghai Representation Office		People’s Republic of China
AZ Chem UK Limited		United Kingdom
Arizona Chemical LTD		United Kingdom
Arizona Chemical SAS		France
Arizona Chemical B.V.		Netherlands
Arizona Chemical B.V. – German Branch		Germany
Arizona Chemical Finance B.V.		Netherlands
Arizona Chemical Oy		Finland
“Arizona Chemical” ZAO		Russia
Arizona Chemical GmbH		Germany
Arizona Chem Sweden Finance AB		Sweden
AZ Chem Luxembourg Finance S.à r.l.		Luxembourg
Arizona Chem Sweden Finance Kommanditbolag⁵		Sweden


¹		The names of these subsidiaries are as of May 27, 2010.

²		David Cowfer, the Company’s Vice President, Human Resources and Corporate Communications, owns 1% due to formal requirements under applicable local law.

³		David Cowfer, the Company’s Vice President, Human Resources and Corporate Communications, owns 1% due to formal requirements under applicable local law.

⁴		10% owned by Arizona Arboris, Inc.

⁵		Arizona Chem Sweden Finance Kommanditbolag is a partnership. Arizona Chemical AB is the general partner (1% ownership) and AZ Chem Luxembourg Finance S.à r.l. is the limited partner (99% ownership).

Arizona Chemical Ltd. S-1/A