Thai Bangchak plans 6-7.5 bln baht investment in 2010-2011

BANGKOK, Nov 12 (Reuters) - Thai oil refiner Bangchak Petroleum PCL BCP.BK said on Thursday it planned to spend 6.0-7.5 billion baht ($180-226 million) in 2010-2011, partly on ethanol investment.

"We plan this investment from next year,"President Anusorn Sangnimnuan told reporters.

The company also aimed for lower earnings before interest, tax, depreciation and amortisation (EBITDA) next year than the roughly 8 billion baht expected this year.

"The reason we expect lower EBITDA is because we see refining margins falling to $4-5 a barrel." ($1= 33.26 Baht) (Reporting by Saranya Suksomkij; Writing by Ploy Ten Kate; Editing by Alan Raybould)