yes it is possible ,but the arrangment would look ugly using and variable speed drive belt assembly as used in industry.would have to be mechanically operated.
The other way is to stick on a really small pulley to spin the absolute shite out of it then set up a controller of some type to pulse width modulate a valve/vent to vent off the excess pressure. This works well on centrifigal blowers to get more low down boost.
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