115 volts vs 240 volts
2HP is 1500W and two therefore is 3000W. 

With an RMS current limit of 16A your motor power factor (including any correction) has to be better than 0.78 for it to not risk blowing an breaker under continuous run conditions. 

Of course you'd need an appropriately rated (eg. 4kVA) 240:120 transformer, and the start-up surges might blow breakers. 

You may also have to correct for efficiency, depending on how the motor is rated. You definitely have to correct if the rating meets IEC/NEMA standards, as mentioned in the comments below.