Mitochondria are surrounded by an envelope of two phospholipid membranes, the outer of is very smooth and the inner one very folded. The membrane folds are cristae and provide the membrane with a large surface area. The outer membrane is more permeable to small molecules so things like oxygen, carbon dioxide, ATP, ADP and Pi can diffuse through. The inner membrane is less permeable and covered in ATP synthase. It is the site of the electron transport chain and the proteins needed for it.