NO!!! as the PS2 uses different machine code and file extensions i dont think there is a way to do it? but i could be wrong as i have very little programing knowledge only thing i can code is java for web sites! & hex. Ask woosaah he is a legend in programing and might help you if he is not to busy?
I am also looking to mod for PS2. If you have harddrive and HD Loader or HD Advance you can rebuild an iso and run it from the harddrive. There are XBOX editing tools and a lot of console discussion at mvpmods.com (editing for the XBOX EA Sports baseball game)