Overview Structure membrane-bound vesicle contain several important enzymes catalase hydrogen-transferring enzymes lipid oxidizing enzymes login to view 6 more bullets Function degradation of very long chain fatty acids (VLCFAs) > 24 carbons via β-oxidation reduces by 14 carbons and then sends to mitochondria deficient in Zellweger syndrome login to view 9 more bullets bile acid synthesis derived from cholesterol phospholipid modification alter phosphatidylserine and phosphatidylethanolamine degradation of hydrogen peroxide via catalase degrades hydrogen peroxide produced in β-oxidation of fatty acids