Peroxisomes are organelles found in the cytoplasm of animal and plant cells. They are bounded by a single membrane and contain many enzymes. Christian deDuve first isolated peroxisomes from liver cells in 1965. Peroxisomes oxidize organic substances like fatty acids and produce hydrogen peroxide as a byproduct, which is then broken down by the enzyme catalase. They are most abundant in liver cells, where they are involved in functions like breaking down fatty acids, synthesizing cholesterol and bile acids, and breaking down excess purines.